0001225208-24-002851.txt : 20240223
0001225208-24-002851.hdr.sgml : 20240223
20240223173506
ACCESSION NUMBER: 0001225208-24-002851
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240222
FILED AS OF DATE: 20240223
DATE AS OF CHANGE: 20240223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Milton Robert C. III
CENTRAL INDEX KEY: 0001518163
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36523
FILM NUMBER: 24672814
MAIL ADDRESS:
STREET 1: C/O CIFC CORP.
STREET 2: 250 PARK AVENUE, 4TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10177
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Urban Edge Properties
CENTRAL INDEX KEY: 0001611547
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 476311266
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 210 ROUTE 4 EAST
CITY: PARAMUS
STATE: NJ
ZIP: 07652
BUSINESS PHONE: 201-587-1000
MAIL ADDRESS:
STREET 1: 210 ROUTE 4 EAST
CITY: PARAMUS
STATE: NJ
ZIP: 07652
FORMER COMPANY:
FORMER CONFORMED NAME: Vornado SpinCo
DATE OF NAME CHANGE: 20140623
4
1
doc4.xml
X0508
4
2024-02-22
0001611547
Urban Edge Properties
UE
0001518163
Milton Robert C. III
C/O URBAN EDGE PROPERTIES
210 ROUTE 4 EAST
PARAMUS
NJ
07652
1
General Counsel and Secretary
0
LTIP Units
2024-02-22
4
A
0
5277.0000
0.0000
A
Common Shares
5277.0000
5277.0000
D
Represents LTIP Units granted pursuant to the issuer's 2015 Omnibus Share Plan that have been earned following the achievement of certain relative and absolute total shareholder return metrics over the three-year period ending February 9, 2024, as determined by the compensation committee of the issuer on February 22, 2024. Conditioned upon minimum allocations to the absolute and capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Partnership Unit (a "Common Unit") in Urban Edge Properties LP. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the issuer. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates.
50% of the LTIP Units are immediately vested and 25% will vest on each of February 9, 2025 and February 9, 2026, respectively, subject to continued employment through such dates.
/s/ Robert C. Milton III
2024-02-23