Urban Edge COO granted 64,720 LTIP performance units
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.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units (2023 LTI Perf.) | 64,720 | $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 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.
FAQ
What did Urban Edge (UE) COO Jeffrey Mooallem report on this Form 4?
How many LTIP Units were granted to the Urban Edge COO and what are the vesting terms?
What performance period determined Jeffrey Mooallem’s 2023 LTI performance LTIP Units at Urban Edge?
Does this Urban Edge Form 4 include previously reported LTIP Units?
Is Jeffrey Mooallem’s Urban Edge Form 4 an open-market stock purchase or sale?
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