Langer Mark 4

What Happened
Mark Langer, Chief Financial Officer of Urban Edge Properties (UE), was granted 51,774 LTIP Units (reported as a derivative award) on March 12, 2026. The award is reported at $0.00 per unit because these are performance‑earned long‑term incentive plan units rather than an open‑market purchase or sale.

Key Details

• Transaction type: Award/Grant (code A) of 51,774 LTIP Units on 2026-03-12, reported on Form 4 filed 2026-03-16.
• Reported price/value: $0.00 per unit (derivative award, not a cash purchase).
• Vesting: 50% immediately vested; remaining 25% vests Feb 9, 2027 and 25% vests Feb 9, 2028, subject to continued employment (Footnote F2).
• Conversion rights: Each LTIP Unit may be converted, at the holder’s election, into a Common Partnership Unit, which in turn may be converted into one Common Share; conversion rights have no expiration (Footnote F1).
• Prior reporting: Includes 12,248 LTIP Units (2023 LTI Perf.) that were previously reported as earned (Footnote F3).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Timeliness: Filing dated 2026-03-16 for a 2026-03-12 grant — filed within normal Form 4 timing (not marked late).

Context
This was a compensation grant of performance‑earned LTIP Units, not an open‑market trade. Such awards represent potential future equity (convertible into partnership units and then common shares) and vest over time subject to performance and continued employment; they do not indicate an immediate cash transaction or open‑market buying/selling.