Earnings Feed
Start Free
Urban Edge Properties·4

Jan 29, 8:06 PM ET

Mooallem Jeffrey 4

Research Summary

AI-generated summary

Updated

Urban Edge (UE) COO Jeffrey Mooallem Receives Award of 84,897 LTIP Units

What Happened
Jeffrey Mooallem, Chief Operating Officer of Urban Edge Properties (UE), received three grants of LTIP units totaling 84,897 units (29,583 + 16,984 + 38,330) on January 27, 2026. Each award shows an acquisition price of $0.00 because these are equity compensation grants (derivative awards), not cash purchases or sales.

Key Details

  • Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (appears timely).
  • Type: Award/Grant (Form 4 code A); reported as derivative securities (LTIP Units).
  • Number of units granted: 84,897 total. Reported acquisition value: $0.00 (grant).
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Relevant footnotes:
    • Part of the award resulted from an elective program where Mr. Mooallem forgave part of his 2025 cash bonus and received LTIP Units equal to the forgone cash plus a 20% issuer match; these units vest ratably over three years with initial vesting on Jan 27, 2027. (F1, F5)
    • Some LTIP Units were granted under the 2026 LTI Plan and include both time-based and performance-based components. Performance-based units have a measurement period ending Jan 26, 2029 and vesting scheduled as described in the filing (50% after determination following the Measurement Period, then 25% on Jan 27, 2030 and 25% on Jan 27, 2031). The reported number is the maximum that may be earned based on total return to shareholders. (F3, F4)
    • LTIP Units may be converted (subject to tax allocation and vesting conditions) into Common Units and then into Common Shares; generally not convertible without issuer consent until two years after grant. (F2)

Context
These are compensatory equity awards (not open-market buys or sells). Such grants are routine for executives and are intended for retention and to align pay with company performance; they do not by themselves indicate immediate buying or selling sentiment. The awards are subject to multi-year vesting and, for a portion, performance conditions — meaning the ultimate number of shares delivered and timing depend on continued employment and performance outcomes.