Urban Edge (NYSE: UE) awards 8,517 LTIP units to chief accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Urban Edge Properties reported that its Chief Accounting Officer, Andrea Rosenthal Drazin, received a grant of 8,517 LTIP Units (2026 LTI Time) on January 27, 2026 at a price of $0.0000 per unit under the company’s 2026 long-term incentive plan within the 2024 Omnibus Share Plan.
These LTIP Units vest ratably over three years, with the first vesting date on January 27, 2027, contingent on continued employment. After required tax capital allocations and vesting, each LTIP Unit may be converted into a Common Unit and then into one Common Share of Urban Edge Properties. Following this grant, Drazin directly beneficially owns 8,517 derivative LTIP Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Drazin Andrea Rosenthal
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units (2026 LTI Time) | 8,517 | $0.00 | -- |
Holdings After Transaction:
LTIP Units (2026 LTI Time) — 8,517 shares (Direct)
Footnotes (1)
- Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2026 long-term incentive plan under the Urban Edge Properties 2024 Omnibus Share Plan. 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 three years, subject to continued employment through each vesting date, with the initial vesting occurring on January 27, 2027.
FAQ
What insider transaction did Urban Edge Properties (UE) disclose in this Form 4?
Urban Edge Properties disclosed that Chief Accounting Officer Andrea Rosenthal Drazin received 8,517 LTIP Units on January 27, 2026. The grant was made at a price of $0.0000 per unit under the 2026 long-term incentive plan within the 2024 Omnibus Share Plan.
How many LTIP Units were granted to Urban Edge’s Chief Accounting Officer?
Andrea Rosenthal Drazin was granted 8,517 LTIP Units (2026 LTI Time) as of January 27, 2026. These derivative units were awarded at a price of $0.0000 per unit and increase her directly beneficially owned LTIP Units to a total of 8,517 after the transaction.
When do the granted LTIP Units at Urban Edge Properties begin vesting?
The LTIP Units begin vesting on January 27, 2027, one year after the grant date. They vest ratably over three years, and vesting is conditioned on the executive’s continued employment through each vesting date under the company’s long-term incentive structure.
What ownership does the Urban Edge CAO report after this LTIP Unit grant?
After the January 27, 2026 grant, Andrea Rosenthal Drazin reports beneficial ownership of 8,517 derivative LTIP Units. These units are held directly and represent her interest in the 2026 long-term incentive award under Urban Edge Properties’ 2024 Omnibus Share Plan.