Sandstrom Katherine M 4
4 · Urban Edge Properties · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
Urban Edge (UE) Director Katherine Sandstrom Receives LTIP Award
What Happened
Katherine M. Sandstrom, a director of Urban Edge Properties (UE), was granted 6,490 LTIP Units of Urban Edge Properties LP on May 6, 2026. The units were issued as an award (Form 4 code A) at an acquisition price of $0.00. These LTIP Units are a derivative award that, upon vesting and certain events, convert into Common Partnership Units and are redeemable for cash or, at UE’s election, common shares on a one-for-one basis.
Key Details
- Transaction date: 2026-05-06; Form 4 filed 2026-05-08 (timely filing).
- Grant: 6,490 LTIP Units; acquisition price reported $0.00 (no cash paid).
- Vesting: LTIP Units vest on May 6, 2027, subject to Sandstrom continuing to serve on UE’s Board of Trustees through that date.
- Conversion/redemption: Upon vesting and certain events, LTIP Units convert to Common Partnership Units, which are redeemable for cash or, at UE’s election, one Common Share per unit (or cash value).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Transaction type: derivative award (A). No sale, purchase, or tax-withholding reported in the excerpt.
Context
LTIP Units are compensation awards rather than open-market purchases or sales; they represent potential future economic interest once vested and converted. Because the units vest a year from grant and conversion/redemption depends on future events and UE’s election, there is no immediate change in market-held common shares from this grant. Awards like this are a common form of director compensation and are not by themselves a direct buy/sell signal.
Insider Transaction Report
- 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.