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