Urban Edge Properties (UE) director awarded 6,490 LTIP Units tied to common shares
Rhea-AI Filing Summary
Jenkins Norman K. reported acquisition or exercise transactions in this Form 4 filing.
Urban Edge Properties director Norman K. Jenkins received a compensation grant of 6,490 2026 LTIP Units linked to the company’s common shares. These LTIP Units were issued at no cash cost under the Urban Edge Properties 2024 Omnibus Share Plan and are tied to long‑term performance.
Each LTIP Unit is designed to be convertible, after certain conditions and vesting, into one Common Partnership Unit of Urban Edge Properties LP. Those Common Units can then be redeemed for either cash or, at Urban Edge Properties’ election, an equivalent number of common shares on a one‑for‑one basis or the cash value of those shares.
The 6,490 LTIP Units vest on May 6, 2027, as long as Jenkins continues to serve on Urban Edge Properties’ Board of Trustees through that date. After this grant, his directly held LTIP Units from this award total 6,490, giving him additional long‑term, equity‑linked exposure to the company’s performance.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 LTIP Units | 6,490 | $0.00 | $0.00 |
Footnotes (1)
- F1. These LTIP Units ("LTIP Units") of Urban Edge Properties LP ("UELP"), the operating partnership of Urban Edge Properties ("UE"), were issued under the Urban Edge Properties 2024 Omnibus Share Plan. LTIP Units are a class of units of UELP that, following the occurrence of certain events and upon vesting, are convertible by the holder into an equivalent number of Common Partnership Units of UELP ("Common Units"). Common Units are redeemable by the holder for cash or, at UE's election, common shares, par value $0.01 ("Common Shares") of UE on a one-for-one basis or the cash value of such shares. These LTIP Units vest on May 6, 2027 subject to the reporting person continuing to serve on UE's Board of Trustees until such date. Common Units are redeemable by the holder for cash or, at UE's election, Common Shares of UE on a one-for-one basis or the cash value of such shares.
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LTIP Units financial
Common Partnership Units financial
Common Units financial
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