Sandstrom Katherine M 4

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.