Robert C. Milton III - Mar 11, 2024 Form 4 Insider Report for Urban Edge Properties (UE)

Role
General Counsel and Secretary
Signature
/s/ Robert C. Milton III
Stock symbol
UE
Transactions as of
Mar 11, 2024
Transactions value $
-$448,103
Form type
4
Date filed
3/13/2024, 06:49 PM
Previous filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UE Common Shares Conversion of derivative security $0 +26.3K $0.00 26.3K Mar 11, 2024 Direct F1
transaction UE Common Shares Sale -$448K -26.3K -100% $17.02 0 Mar 12, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UE LTIP Units Conversion of derivative security $0 -5.79K -100% $0.00* 0 Mar 11, 2024 Common Shares 5.79K Direct F3
transaction UE LTIP Units Conversion of derivative security $0 -1.87K -100% $0.00* 0 Mar 11, 2024 Common Shares 1.87K Direct F4
transaction UE LTIP Units (2019 LTI Time) Conversion of derivative security $0 -3.33K -100% $0.00* 0 Mar 11, 2024 Common Shares 3.33K Direct F5
transaction UE LTIP Units (2019 LTI Perf.) Conversion of derivative security $0 -2.9K -100% $0.00* 0 Mar 11, 2024 Common Shares 2.9K Direct F6
transaction UE LTIP Units (2020 LTI Time) Conversion of derivative security $0 -3.89K -100% $0.00* 0 Mar 11, 2024 Common Shares 3.89K Direct F7
transaction UE LTIP Units (2021 LTI Perf.) Conversion of derivative security $0 -2.64K -49.99% $0.00 2.64K Mar 11, 2024 Common Shares 2.64K Direct F8
transaction UE LTIP Units (2021 LTI Time) Conversion of derivative security $0 -5.91K -78.21% $0.00 1.65K Mar 11, 2024 Common Shares 5.91K Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 26,333 LTIP units ("LTIP Units") in Urban Edge Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were exchanged for an equal number of Common Partnership Units ("Common Units") in the Partnership, which were subsequently redeemed for an equal number of common shares of beneficial interest, par value $0.01 ("Common Shares") of the Issuer.
F2 Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $16.94 to $17.12 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 Represents LTIP Units granted pursuant to the Urban Edge Properties 2015 Omnibus Plan (the "Omnibus Plan"). The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 20, 2021.
F4 Represents LTIP Units granted pursuant to the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 27, 2020.
F5 Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2019 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 27, 2020.
F6 Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2019 long-term incentive plan under the Omnibus Plan. 50% of the LTIP Units vested on March 2, 2022 and 25% on each of February 27, 2023 and February 27, 2024.
F7 Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2020 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 20, 2021.
F8 Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus Plan. 50% of the LTIP Units vested on February 22, 2024 and 25% will vest on each of February 9, 2025 and February 9, 2026, subject to continued employment through such dates.
F9 Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 10, 2022.