O'Shea Kevin P. 4

What Happened

• Kevin P. O'Shea, a director of Urban Edge Properties (UE), was granted 6,490 LTIP Units on May 6, 2026. The grant was reported as an award/acquisition (code A) at $0.00 (no cash paid). These LTIP Units are derivative units of Urban Edge Properties LP that, upon vesting and certain events, convert into Common Partnership Units and are redeemable for cash or one-for-one common shares (or cash value) of UE.
• This was a time‑based award (not an open‑market purchase or sale) and does not reflect an immediate cash investment or disposition by the insider.

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (timely filing).
• Security: 6,490 LTIP Units; reported acquisition price: $0.00; transaction code: A (award/grant).
• Vesting: LTIP Units vest on May 6, 2027, subject to O'Shea continuing to serve on UE's Board of Trustees until that date (per footnote).
• Conversion/Redemption: LTIP Units convert to Common Partnership Units and are redeemable for cash or, at UE’s election, one-for-one Common Shares or the cash value.
• Shares owned after transaction: not specified in the filing.

Context

• This is a derivative award under the Urban Edge 2024 Omnibus Share Plan and typically reflects compensation/long‑term incentive rather than a market signal. Because the units vest one year from grant and can convert into partnership units/shares, they represent potential future equity exposure but are not immediately tradable common shares.