Olson Jeffrey S 4

What Happened
Jeffrey S. Olson, Chairman of the Board and CEO of Urban Edge Properties (UE), was granted 216,951 long-term incentive plan (LTIP) units as a performance award on March 12, 2026. The award is reported as a derivative acquisition at $0.00 (no cash paid). These LTIP units can be converted, at the holder’s election, into Common Partnership Units and thereafter into Common Shares; the conversion rights have no expiration. Fifty percent of the grant vested immediately, with the remaining 50% vesting in two equal installments on February 9, 2027 and February 9, 2028, subject to continued employment.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (filed within the typical two-business-day window).
• Transaction type/code: Award/Grant (A); acquisition price reported $0.00.
• Quantity: 216,951 LTIP units.
• Vesting: 50% vested immediately; 25% vest 2027-02-09; 25% vest 2028-02-09 (continued employment required).
• Conversion: LTIP units may convert to Common Partnership Units, which may convert to one Common Share each; conversion rights do not expire.
• Prior reporting: Includes 51,322 LTIP units from the 2023 LTI performance award that were previously reported.
• Shares owned after transaction: Not specified in the provided filing.

Context
This is a compensation award (derivative units), not an open‑market buy or sale. Awards like LTIP units reward multi-year performance and have vesting and conversion conditions; they do not necessarily reflect immediate insider market sentiment.