Langer Mark 4
4 · Urban Edge Properties · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Urban Edge (UE) CFO Mark Langer Receives LTIP Award
What Happened
Mark Langer, Chief Financial Officer of Urban Edge Properties (UE), was granted a total of 109,891 LTIP units (derivative awards) on January 27, 2026. The grant consists of three awards: 65,240; 13,710; and 30,941 LTIP units. Each grant is recorded at $0.00 per unit in the filing because these are equity awards (derivative interests) rather than open-market purchases; the grant-date fair value is described in the footnotes as equal to amounts elected in lieu of cash bonuses plus a 20% match for certain units.
Key Details
- Transaction date: January 27, 2026. Filing date: January 29, 2026 (appears timely; not marked late).
- Grants: 65,240 LTIP units; 13,710 LTIP units; 30,941 LTIP units — total 109,891 units. Price reported: $0.00 (derivative awards).
- Shares owned after transaction: Not specified in the supplied excerpt of the filing.
- Notable footnote items:
- Some units were granted under an elective program (F1) where management forgave 2025 cash bonuses in exchange for LTIP units, plus a 20% issuer match; those units vest ratably over three years with initial vesting on Jan 27, 2027 (F1, F5).
- Units are LTIP Units in Urban Edge Properties LP and can, subject to tax allocation and vesting conditions, be converted by the holder into Common Units and then into Common Shares (F2). Conversions generally require issuer consent until two years after grant.
- Additional units were granted under the 2026 LTI Plan (time-based and performance-based awards). Performance-based LTIP Units may vest based on total return to shareholders over a three-year measurement period ending Jan 26, 2029 and have a staggered vesting schedule if earned (F3, F4).
- Filing timeliness: Reported two days after the transaction date; filing does not indicate a late filing flag.
Context
These are equity compensation grants (derivative LTIP units), not open-market purchases or sales. Such awards are common for executive compensation and generally vest over multiple years and/or upon achievement of performance targets, so they do not represent an immediate change in market exposure. The units may convert into common shares over time if vesting and conversion conditions are met.
Insider Transaction Report
- Award
2025 LTIP Units
[F1][F2]2026-01-27+65,240→ 65,240 total→ Common Shares (65,240 underlying) - Award
LTIP Units (2026 LTI Perf.)
[F3][F2][F4]2026-01-27+13,710→ 13,710 total→ Common Shares (13,710 underlying) - Award
LTIP Units (2026 LTI Time)
[F3][F2][F5]2026-01-27+30,941→ 30,941 total→ Common Shares (30,941 underlying)
Footnotes (5)
- [F1]Represents LTIP Units in Urban Edge Properties LP granted pursuant to an elective program under which members of management elected to forgo 2025 cash bonuses and receive equity with a grant date fair value equal to the cash forgone plus a 20% match by the Issuer. The LTIPs shown represent both the forgone bonus plus the match, all of which vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on January 27, 2027.
- [F2]Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of Urban Edge Properties (the "Issuer"). LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates.
- [F3]Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2026 long-term incentive plan (the "2026 LTI Plan") under the Urban Edge Properties 2024 Omnibus Share Plan. The 2026 LTI Plan is comprised of LTIP Units that vest solely based on time, which we refer to as "2026 LTI Time" in Table II and those that vest and are earned subject to both time and performanced hurdles, which we refer to as "2026 LTI Perf." in Table II.
- [F4]The LTIP Units are scheduled to vest as follows: 50% as soon as practicable following the determination of the units earned upon completion of the three year performance measurement period ending January 26, 2029 (the "Measurement Period") and 25% on each of January 27, 2030 and January 27, 2031, subject to continued employment through such dates and the achievement of certain performance based criteria based on the Issuer's total return to shareholders during the Measurement Period. The number of LTIP Units reported represents the maximum number of LTIP Units that may be earned based on the Issuer's total return to shareholders during the Measurement Period. Excludes 41,124 LTIP units granted under the 2026 LTI Plan the earning of which is subject to conditions that are not tied solely to the market price of an equity security of the Issuer.
- [F5]The LTIP Units vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on January 27, 2027.