Urban Edge (NYSE: UE) COO earns 64,720 LTIP units on performance

Rhea-AI Filing Summary

Urban Edge Properties Chief Operating Officer Jeffrey Mooallem reported an award of 64,720 LTIP Units (2023 LTI Perf.) under the company’s 2015 Omnibus Share Plan. These units were earned after meeting performance metrics over the three-year period ending February 9, 2026, and each LTIP Unit can ultimately convert into one common share. Half of the units vest immediately, with 25% vesting on February 9, 2027 and 25% on February 9, 2028, subject to continued employment. The total includes 15,311 LTIP Units that had been reported previously and have now also been determined to be earned.

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

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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)
03/12/2026

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
LTIP Units (2023 LTI Perf.)(1)	(1)	03/12/2026		A		64,720		(2)	(1)	Common Shares	64,720	$0.0000	64,720(3)	D

Explanation of Responses:

1. 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.

2. 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.

3. Includes 15,311 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.

	/s/ Heather Ohlberg under POA	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Urban Edge (UE) COO Jeffrey Mooallem report on this Form 4?

Jeffrey Mooallem reported receiving 64,720 LTIP Units tied to long-term performance. The award reflects compensation for meeting performance metrics under Urban Edge’s 2015 Omnibus Share Plan and increases his potential future stake through possible conversion into common shares.

How many LTIP Units were granted to the Urban Edge COO and what are the vesting terms?

The COO was awarded 64,720 LTIP Units. Fifty percent vest immediately, while 25% vest on February 9, 2027 and 25% on February 9, 2028, provided he remains employed through those future vesting dates.

What performance period determined Jeffrey Mooallem’s 2023 LTI performance LTIP Units at Urban Edge?

The LTIP Units were earned based on achieving performance metrics over a three-year period ending February 9, 2026. The compensation committee determined on March 12, 2026 that these targets were met, triggering the award reflected in this Form 4 filing.

Can Urban Edge LTIP Units reported here be converted into common shares?

Each LTIP Unit may be converted into a Common Partnership Unit in Urban Edge Properties LP, which in turn may be converted into one common share. The rights to convert between LTIP Units, Common Units, and common shares do not have expiration dates.

Does this Urban Edge Form 4 include previously reported LTIP Units?

Yes. The total 64,720 LTIP Units include 15,311 units previously reported on a Form 4 filed on February 14, 2023. Those earlier units were also determined to be earned as part of the same 2023 long-term incentive performance award.

Is Jeffrey Mooallem’s Urban Edge Form 4 an open-market stock purchase or sale?

No. The filing reports a grant and earning of LTIP Units as compensation, not an open-market buy or sell. It reflects long-term incentive units awarded for performance that may later be converted into common shares, subject to vesting conditions.