Drazin Andrea Rosenthal 4
4 · Urban Edge Properties · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Urban Edge (UE) CAO Andrea Drazin Receives Award
What Happened
Andrea Drazin, Chief Accounting Officer of Urban Edge Properties (UE), received a grant of 8,517 LTIP Units on January 27, 2026. The units were awarded at $0.00 (no cash paid) and are reported as derivative securities. The grant is part of the company’s 2026 long-term incentive plan.
Key Details
- Transaction date: January 27, 2026; Form 4 filed January 29, 2026 (appears timely).
- Award: 8,517 LTIP Units granted at $0.00 (derivative award), total reported value $0 at grant.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: LTIP Units granted under the Urban Edge Properties 2026 LTIP (2024 Omnibus Plan).
- F2: LTIP Units can be converted, subject to tax allocation and vesting, into Common Units and then into Common Shares; conversion generally not permitted without issuer consent until two years after grant. Conversion rights have no expiration.
- F3: Units vest ratably over three years with the first vesting on January 27, 2027, contingent on continued employment.
Context
This was an award/grant (not a purchase or sale). LTIP Units are a form of restricted/derivative compensation that become share-equivalent only after meeting tax and vesting conditions; they do not represent immediate common shares or cash proceeds. Such awards are routine for executive compensation and do not by themselves indicate buying or selling intent.
Insider Transaction Report
- Award
LTIP Units (2026 LTI Time)
[F1][F2][F3]2026-01-27+8,517→ 8,517 total→ Common Shares (8,517 underlying)
Footnotes (3)
- [F1]Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2026 long-term incentive plan under the Urban Edge Properties 2024 Omnibus Share Plan.
- [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 vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on January 27, 2027.