GRAPSTEIN STEVEN H 4

What Happened
Steven H. Grapstein, a director of Urban Edge Properties (UE), was granted 7,138 Deferred Stock Units (DSUs) on May 6, 2026. The DSUs were issued under the Urban Edge Properties 2024 Omnibus Share Plan at $0.00 per unit (recorded acquisition value $0.00; transaction code A — award/grant). This is a compensation award, not an open‑market purchase or sale.

Key Details

• Transaction date: May 6, 2026 (Form 4 filed May 8, 2026).
• Transaction type/code: Grant of DSUs (A).
• Units granted: 7,138 DSUs; acquisition price reported as $0.00 (derivative security).
• Shares owned after transaction: Not specified in the filing.
• Footnote highlights:
  • F1: DSUs entitle the holder to an equivalent number of common shares without payment.
  • F2: DSUs vest on May 6, 2027 provided Grapstein remains on the Board; underlying shares are deliverable in five equal installments beginning the first business day of the year after he ceases Board service.
• Filing timeliness: Filed two days after the transaction (appears timely under the Form 4 reporting rule).

Context
DSUs are a deferred compensation instrument: they do not represent immediate common‑share ownership and will convert to shares (subject to vesting and the specified delivery schedule) in the future. Because this was a standard director award with no cash outlay, it’s a routine compensation event rather than a clear buy/sell signal about the director’s market view.