Olson Jeffrey S 4

What Happened
Jeffrey S. Olson, Chairman of the Board and CEO of Urban Edge Properties (UE), was granted a total of 323,631 LTIP units on January 27, 2026 via three awards (142,503; 55,988; 125,140). Each grant was recorded at $0.00 per unit because these are long‑term incentive plan (LTIP) units/derivative awards rather than open‑market purchases or sales.

Key Details

• Transaction date and codes: January 27, 2026 — three grants (code A: Award/Grant). Price reported: $0.00 per unit. Total units granted: 323,631.
• Shares/units owned after the transaction: not specified in the Form 4 (not reported here).
• Notable footnotes summarized:
  • One grant represents LTIP units elected in lieu of 2025 cash bonuses (forgone cash + 20% company match); vest ratably over 3 years; initial vesting Jan 27, 2027 (F1, F5).
  • LTIP units are derivative: upon meeting tax allocation conditions and vesting, each LTIP unit may be converted to a Common Unit, and each Common Unit may be converted to one Common Share (conversion generally restricted without issuer consent for two years) (F2).
  • Additional grants were made under the 2026 LTI Plan: some vest solely by time and others vest based on time plus performance over a three‑year measurement period ending Jan 26, 2029; the reported performance‑based grants reflect the maximum units that could be earned (F3, F4).
• Filing timeliness: Form filed Jan 29, 2026 for a Jan 27, 2026 transaction — filed within the typical 2‑business‑day Form 4 window (timely).

Context
These are compensation awards (long‑term incentive units) rather than purchases or sales. LTIP units align executive pay with future company performance and convert to equity only after vesting and satisfying tax/conversion conditions; some units are performance‑contingent and may not vest in full. Such grants are routine for executive compensation and do not in themselves signal immediate buying or selling of shares.