Drazin Andrea Rosenthal 4

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.