Ohlberg Heather 4
4 · Urban Edge Properties · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Urban Edge EVP Heather Ohlberg Receives LTIP Awards
What Happened
Heather Ohlberg, EVP, General Counsel & Secretary of Urban Edge Properties (UE), was granted two derivative awards on January 27, 2026 totaling 21,510 LTIP Units (6,604 and 14,906 units). Both grants were recorded at $0.00 (no cash paid) and are reported as awards/acquisitions (Form 4 code A). These LTIP Units are long‑term incentive units that can potentially convert into common units and ultimately common shares subject to vesting and conversion rules.
Key Details
- Transaction date and price: 2026-01-27, 6,604 units and 14,906 units, $0.00 per unit (derivative awards).
- Total units granted: 21,510 LTIP Units. Reported value to insider at grant: $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Vesting/conditions (summary of footnotes): some units vest solely based on time and others vest based on both time and performance. Performance measurement period ends Jan 26, 2029; up to 50% vests after determination of units earned for that period, with remaining 25% vesting Jan 27, 2030 and Jan 27, 2031 (subject to continued employment and performance). Time‑only LTIP Units vest ratably over three years with initial vesting Jan 27, 2027. LTIP Units are generally not convertible without issuer consent until two years after grant; conversion rights have no expiration. The reported units exclude 19,812 LTIP Units with different (non‑market‑price tied) conditions.
- Filing timeliness: Form 4 filed Jan 29, 2026 for a Jan 27, 2026 transaction — within the typical 2‑business‑day window (timely).
Context
These are compensation awards, not open‑market purchases or sales. As derivative LTIP Units, their ultimate economic value depends on future vesting, performance hurdles, and any conversion into common units/shares (conversion restrictions generally apply for two years). Awards like this are routine executive compensation and do not by themselves indicate a buy or sell signal.
Insider Transaction Report
- Award
LTIP Units (2026 LTI Perf.)
[F1][F2][F3]2026-01-27+6,604→ 6,604 total→ Common Shares (6,604 underlying) - Award
LTIP Units (2026 LTI Time)
[F1][F2][F4]2026-01-27+14,906→ 14,906 total→ Common Shares (14,906 underlying)
Footnotes (4)
- [F1]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.
- [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]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 19,812 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.
- [F4]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.