Jenkins Norman K. 4
4 · Urban Edge Properties · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
Urban Edge Director Norman K. Jenkins Receives Award of 6,490 LTIP Units
What Happened
- Norman K. Jenkins, a director of Urban Edge Properties (UE), was granted 6,490 LTIP Units on 2026-05-06. The units are reported as a derivative award (transaction code A) with a reported acquisition price of $0.00 (no cash paid).
- These LTIP Units convert, upon vesting and the occurrence of certain events, into Common Partnership Units of Urban Edge Properties LP, which are redeemable for cash or, at UE's election, one-for-one into UE common shares.
Key Details
- Transaction date: 2026-05-06; Form 4 filed 2026-05-08 (timely filing).
- Grant amount: 6,490 LTIP Units; reported price $0.00 (award).
- Vesting: LTIP Units vest on May 6, 2027, contingent on the reporting person continuing to serve on UE’s Board of Trustees until that date (see footnote).
- Derivative treatment: LTIP Units are convertible to Common Units and ultimately redeemable for cash or common shares at UE’s election.
- Shares owned after transaction: Not specified in the filing.
Context
- This is a typical long-term incentive award for a director, not an open-market purchase or sale. It does not represent an immediate cash outlay or liquidation of shares and does not indicate any immediate voting or liquidity change until the units vest and convert.
Insider Transaction Report
Form 4
Jenkins Norman K.
Director
Transactions
- Award
2026 LTIP Units
[F1]2026-05-06+6,490→ 6,490 total→ Common Shares (6,490 underlying)
Footnotes (1)
- [F1]These LTIP Units ("LTIP Units") of Urban Edge Properties LP ("UELP"), the operating partnership of Urban Edge Properties ("UE"), were issued under the Urban Edge Properties 2024 Omnibus Share Plan. LTIP Units are a class of units of UELP that, following the occurrence of certain events and upon vesting, are convertible by the holder into an equivalent number of Common Partnership Units of UELP ("Common Units"). Common Units are redeemable by the holder for cash or, at UE's election, common shares, par value $0.01 ("Common Shares") of UE on a one-for-one basis or the cash value of such shares. These LTIP Units vest on May 6, 2027 subject to the reporting person continuing to serve on UE's Board of Trustees until such date. Common Units are redeemable by the holder for cash or, at UE's election, Common Shares of UE on a one-for-one basis or the cash value of such shares.
Signature
/s/ Heather Ohlberg under POA|2026-05-08