Urban Edge CFO granted 51,774 LTIP units
Urban Edge Properties Chief Financial Officer Mark Langer received a grant of 51,774 LTIP Units (2023 LTI Perf.).
Rhea-AI Filing Summary
Urban Edge Properties Chief Financial Officer Mark Langer received a grant of 51,774 LTIP Units (2023 LTI Perf.). These units were earned based on performance metrics over a three-year period ending February 9, 2026, as determined by the compensation committee on March 12, 2026.
Under the company’s 2015 Omnibus Share Plan, 50% of the LTIP Units vest immediately, with 25% vesting on February 9, 2027 and 25% on February 9, 2028, subject to continued employment. Each LTIP Unit can be converted into a Common Partnership Unit and then into one Urban Edge common share, with no expiration on conversion rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units (2023 LTI Perf.) | 51,774 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents LTIP Units granted pursuant to the issuer's 2015 Omnibus Share Plan that have been earned following the achievement of certain performance metrics over the three-year period ending February 9, 2026, as determined by the compensation committee of the issuer on March 12, 2026. 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.
- F2. 50% of the LTIP Units are immediately vested and 25% will vest on each of February 9, 2027 and February 9, 2028, respectively, subject to continued employment through such dates.
- F3. Includes 12,248 of the LTIP Units (2023 LTI Perf.) that were previously reported on a Form 4 filed by the Reporting Person with the Securities and Exchange Commission on February 14, 2023, which were also determined to be earned.
FAQ
What insider transaction did Urban Edge Properties (UE) report for Mark Langer?
How many LTIP Units were granted to Urban Edge CFO Mark Langer?
What is the vesting schedule for Mark Langer’s 51,774 LTIP Units at Urban Edge?
What performance period determined the earning of Mark Langer’s 2023 LTI performance units at UE?
Are all of Mark Langer’s newly reported LTIP Units at Urban Edge immediately vested?
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