Jenkins Norman K. 4

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.