Urban Edge director granted 6,490 LTIP units
Sandstrom Katherine M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Sandstrom Katherine M reported acquisition or exercise transactions in this Form 4 filing.
Urban Edge Properties director Katherine M. Sandstrom reported receiving a grant of 6,490 2026 LTIP Units of Urban Edge Properties LP under the Urban Edge Properties 2024 Omnibus Share Plan. These LTIP Units vest on May 6, 2027, if she continues serving on the Board of Trustees until that date.
After vesting and certain events, the LTIP Units are convertible into an equivalent number of Common Partnership Units, which are redeemable for cash or, at Urban Edge’s election, common shares on a one-for-one basis. Following this grant, she holds 6,490 LTIP Units directly.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 LTIP Units | 6,490 | $0.00 | $0.00 |
Footnotes (1)
- F1. These LTIP Units ("LTIP Units") of Urban Edge Properties LP ("UELP"), the operating partnership of Urban Edge Properties ("UE"), were issued under the Urban Edge Properties 2024 Omnibus Share Plan. LTIP Units are a class of units of UELP that, following the occurrence of certain events and upon vesting, are convertible by the holder into an equivalent number of Common Partnership Units of UELP ("Common Units"). Common Units are redeemable by the holder for cash or, at UE's election, common shares, par value $0.01 ("Common Shares") of UE on a one-for-one basis or the cash value of such shares. These LTIP Units vest on May 6, 2027 subject to the reporting person continuing to serve on UE's Board of Trustees until such date. Common Units are redeemable by the holder for cash or, at UE's election, Common Shares of UE on a one-for-one basis or the cash value of such shares.
Key Figures
Key Terms
LTIP Units financial
Common Partnership Units financial
FAQ
What did Urban Edge (UE) director Katherine M. Sandstrom report on this Form 4?
When do Katherine M. Sandstrom’s 6,490 LTIP Units in Urban Edge (UE) vest?
How many Urban Edge (UE) LTIP Units does Katherine M. Sandstrom hold after this grant?
Is the Urban Edge (UE) Form 4 transaction an open-market trade or a compensation grant?
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