Ohlberg Heather 4

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.