Urban Edge (NYSE: UE) COO swaps bonus for LTIP units and 2026 awards

Rhea-AI Filing Summary

Urban Edge Properties reported new equity awards for Chief Operating Officer Jeffrey Mooallem through long-term incentive and bonus conversion programs. On January 27, 2026, he received 29,583 2025 LTIP Units by electing to forgo part of his 2025 cash bonus in exchange for equity plus a 20% match from the company. These LTIP Units vest ratably over three years, starting January 27, 2027, subject to continued employment.

He was also granted 16,984 LTIP Units under the 2026 long-term incentive plan that are earned based on both time and performance, with a three-year performance measurement period ending January 26, 2029, and additional vesting dates in 2030 and 2031. A further 38,330 time-based 2026 LTIP Units were granted, vesting ratably over three years from January 27, 2027. Each LTIP Unit can ultimately be converted into one common share after certain tax and vesting conditions, and the related conversion rights do not have expiration dates.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mooallem Jeffrey

(Last) (First) (Middle)

C/O URBAN EDGE PROPERTIES

12 EAST 49TH STREET, 44TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Urban Edge Properties [ UE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
2025 LTIP Units(1)	(2)	01/27/2026		A		29,583		(1)	(2)	Common Shares	29,583	$0.0000	29,583	D
LTIP Units (2026 LTI Perf.)(3)	(2)	01/27/2026		A		16,984		(4)	(2)	Common Shares	16,984	$0.0000	16,984	D
LTIP Units (2026 LTI Time)(3)	(2)	01/27/2026		A		38,330		(5)	(2)	Common Shares	38,330	$0.0000	38,330	D

Explanation of Responses:

1. Represents LTIP Units in Urban Edge Properties LP granted pursuant to an elective program for the management team under which Mr. Mooallem elected to forgo a portion of his 2025 cash bonus and receive equity with a grant date fair value equal to the cash forgone plus a 20% match by the Issuer. The LTIPs shown represent both the portion of the forgone bonus plus the match, all of which vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on January 27, 2027.

2. 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.

3. Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2026 long-term incentive plan (the "2026 LTI Plan") under the Urban Edge Properties 2024 Omnibus Share Plan. The 2026 LTI Plan is comprised of LTIP Units that vest solely based on time, which we refer to as "2026 LTI Time" in Table II and those that vest and are earned subject to both time and performanced hurdles, which we refer to as "2026 LTI Perf." in Table II.

4. The LTIP Units are scheduled to vest as follows: 50% as soon as practicable following the determination of the units earned upon completion of the three year performance measurement period ending January 26, 2029 (the "Measurement Period") and 25% on each of January 27, 2030 and January 27, 2031, subject to continued employment through such dates and the achievement of certain performance based criteria based on the Issuer's total return to shareholders during the Measurement Period. The number of LTIP Units reported represents the maximum number of LTIP Units that may be earned based on the Issuer's total return to shareholders during the Measurement Period. Excludes 50,948 LTIP units granted under the 2026 LTI Plan the earning of which is subject to conditions that are not tied solely to the market price of an equity security of the Issuer.

5. 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.

	/s/ Heather Ohlberg under POA	01/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Urban Edge Properties (UE) report for its COO?

Urban Edge Properties reported equity grants to COO Jeffrey Mooallem, including 2025 LTIP Units tied to a bonus-for-equity election and 2026 long-term incentive LTIP Units. These awards are structured to vest over multiple years, aligning his compensation with long-term shareholder returns and employment continuity.

How many 2025 LTIP Units did Urban Edge Properties (UE) grant to its COO?

Jeffrey Mooallem received 29,583 2025 LTIP Units by electing to forgo a portion of his 2025 cash bonus in favor of equity, plus a 20% match from the company. These LTIP Units vest ratably over three years, beginning January 27, 2027, subject to continued employment.

What performance-based LTIP Units were granted under Urban Edge’s 2026 LTI Plan?

The company granted 16,984 performance-based 2026 LTIP Units to its COO, representing the maximum number that may be earned. Vesting depends on time and performance over a three-year measurement period ending January 26, 2029, and further vesting dates in 2030 and 2031, tied to total shareholder return targets.

What time-based LTIP awards did Urban Edge Properties (UE) grant in 2026?

Urban Edge granted 38,330 time-based 2026 LTIP Units to its COO under the 2026 long-term incentive plan. These units vest ratably over three years, with initial vesting on January 27, 2027, provided he remains employed through each vesting date under the company’s equity plan.

Can the reported LTIP Units at Urban Edge convert into common shares?

Each LTIP Unit may be converted into a common unit and then into one Urban Edge Properties common share after meeting tax allocation and vesting conditions. LTIP Units are generally not convertible without company consent for two years, and the conversion rights themselves do not have expiration dates.

How is performance measured for Urban Edge’s 2026 performance LTIP Units?

The 2026 performance LTIP Units are tied to Urban Edge’s total return to shareholders over a three-year measurement period ending January 26, 2029. The reported 16,984 units reflect the maximum that may be earned, with vesting split after the period and on January 27, 2030 and 2031.