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Urban Edge Properties·4

Jan 29, 8:06 PM ET

Langer Mark 4

Research Summary

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Updated

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.