0001225208-24-001985.txt : 20240213 0001225208-24-001985.hdr.sgml : 20240213 20240213210355 ACCESSION NUMBER: 0001225208-24-001985 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240209 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Drazin Andrea Rosenthal CENTRAL INDEX KEY: 0001948509 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36523 FILM NUMBER: 24631537 MAIL ADDRESS: STREET 1: 849 BRADFORD AVENUE CITY: WESTFIELD STATE: NJ ZIP: 07090 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 2024-02-09 0001611547 Urban Edge Properties UE 0001948509 Drazin Andrea Rosenthal C/O URBAN EDGE PROPERTIES 210 ROUTE 4 EAST PARAMUS NJ 07652 1 Chief Accounting Officer 0 Common Shares 2024-02-09 4 A 0 5732.0000 17.4450 A 20134.0000 D Common Shares 2024-02-12 4 F 0 979.0000 17.6600 D 19155.0000 D 2023 LTIPs 2024-02-09 4 A 0 11510.0000 0.0000 A Common Shares 11510.0000 11510.0000 D These common shares of beneficial interest, par value $0.01 ("Common Shares") of Urban Edge Properties (the "Issuer") were issued as "Restricted Stock" under the terms of the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Plan"). These shares vest ratably over three years subject to continued employment through each vesting date with the initial vesting occurring on February 9, 2025. Total includes Common Shares purchased, if any, through the Urban Edge Properties employee stock purchase plan and dividend reinvestment plan. Represents Common Shares disposed to the Issuer to satisfy withholding taxes related to vesting Restricted Stock issued under the Omnibus Plan. Represents LTIP Units in Urban Edge Properties LP granted pursuant to a one-time elective program under which members of management elected to forgo 2023 cash bonuses and receive equity with a grant date fair value equal to the cash forgone that was matched on a one-for-one basis by the Issuer. The LTIPs shown represent both the forgone bonus plus the match, all of which vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occurring on February 9, 2025. Conditioned upon minimum allocations to the 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 Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of Urban Edge Properties (the "Issuer"). LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. The LTIP Units vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occurring on February 9, 2025. /s/ Robert C. Milton III under POA 2024-02-13