Urban Edge (NYSE: UE) CEO converts LTIP units and sells 180,587 shares

Rhea-AI Filing Summary

Urban Edge Properties Chairman and CEO Jeffrey S. Olson converted incentive units into common shares and then sold shares in the open market. On May 7, 2026, he converted 180,587 LTIP Units into an equal number of common shares. On May 8 and May 11, 2026, he sold a total of 180,587 common shares at weighted average prices of $21.7266 and $21.6173 per share. After these sales, he directly holds 3,665.47 common shares and, according to a footnote, continues to own over 2.3 million LTIP Units, including 670,000 unearned performance-based LTIP Units, which provide substantial ongoing equity exposure.

Insights

Equity compensation and insider trading analyst

CEO converts LTIP units to shares, then sells 180,587 shares while retaining large LTIP position.

The filing shows Jeffrey S. Olson converting 180,587 LTIP Units into common shares and then selling the same number of common shares at prices around $21.7. This is a classic conversion-plus-sale sequence, turning part of his equity-based compensation into cash.

A key detail is that a footnote states Olson still owns over 2.3 million LTIP Units, including 670,000 performance-based units. This indicates he maintains significant long-term equity exposure, even though his directly held common shares drop to 3,665.47.

Because these are open-market sales (code S) rather than tax withholdings or gifts, they represent discretionary dispositions, but the remaining LTIP holdings suggest this is more routine portfolio management than an exit. Future company filings may clarify any additional LTIP vesting or conversions.

Insider Trade Summary

Net Seller: 180,587 shares ($3,921,461)

Net Sell 6 txns

Insider Olson Jeffrey S

Role Chairman of the Board & CEO

Sold 180,587 shs ($3.92M)

Type	Security	Shares	Price	Value
Sale	Common Shares	19,034	$21.6173	$411K
Sale	Common Shares	161,553	$21.7266	$3.51M
Conversion	LTIP Units (2021 LTI Perf.)	49,032	$0.00	--
Conversion	LTIP Units (2021 LTI Time)	128,830	$0.00	--
Conversion	LTIP Units (2022 LTI Time)	2,725	$0.00	--
Conversion	Common Shares	180,587	$0.00	--

Holdings After Transaction: Common Shares — 3,665.47 shares (Direct, null); LTIP Units (2021 LTI Perf.) — 0 shares (Direct, null); LTIP Units (2021 LTI Time) — 0 shares (Direct, null); LTIP Units (2022 LTI Time) — 118,356 shares (Direct, null)

Footnotes (1)

1. 180,587 LTIP units ("LTIP Units") in Urban Edge Properties LP (the "Partnership"), of which Urban Edge Properties (the "Issuer") is the sole general partner, were exchanged for an equal number of Common Partnership Units ("Common Units") in the Partnership, which were subsequently redeemed for an equal number of common shares of beneficial interest, par value $0.01 ("Common Shares") of the Issuer. Following this conversion, Mr. Olson owns over 2.3 million LTIP Units across numerous tranches of LTIP Unit issuances, including 670,000 unearned performance-based LTIP Units. Total includes Common Shares of the Issuer purchased, if any, through the Issuer's employee stock purchase plan and dividend reinvestment plan. The range of prices for the transaction reported on this line was $21.605 to $22.055. The weighted average price was $21.7266. The reporting person will provide, upon request by the SEC, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. The range of prices for the transaction reported on this line was $21.555 to $21.735. The weighted average price was $21.6173. The reporting person will provide, upon request by the SEC, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents LTIP Units in the Partnership granted February 10, 2021 pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Urban Edge Properties 2015 Omnibus Plan ("Omnibus Plan") and earned pursuant to the UEP 2015 Outperformance Plan following the achievement of certain relative total shareholder return goals over the three-year period ending February 10, 2024. 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. The rights to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. 50% of the LTIP Units vested on February 22, 2024 and 25% vested on each of February 10, 2025 and February 10, 2026, respectively. Represents LTIP Units in the Partnership granted February 10, 2021 pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus 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. The rights 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 four years, with the initial vesting having occurred on February 10, 2022. Represents LTIP Units in the Partnership granted February 11, 2022 pursuant to the Urban Edge Properties 2022 long-term incentive plan under the Omnibus 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. The rights 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 four years, with the initial vesting having occurred on February 11, 2023.

Key Figures

Shares sold May 8, 2026: 161,553 shares at $21.7266 Shares sold May 11, 2026: 19,034 shares at $21.6173 Shares converted from LTIP Units: 180,587 shares +3 more

6 metrics

Shares sold May 8, 2026 161,553 shares at $21.7266 Open-market sale of common shares

Shares sold May 11, 2026 19,034 shares at $21.6173 Open-market sale of common shares

Shares converted from LTIP Units 180,587 shares Common shares received via LTIP Unit conversion

Direct common shares remaining 3,665.47 shares Direct holdings after reported transactions

LTIP Units still owned Over 2.3 million units Ongoing LTIP Unit holdings, including 670,000 performance-based

Performance-based LTIP Units 670,000 units Unearned performance-based LTIP Units referenced in footnote

Key Terms

LTIP Units, Common Partnership Units, Outperformance Plan, relative total shareholder return, +2 more

6 terms

LTIP Units financial

"180,587 LTIP units ("LTIP Units") in Urban Edge Properties LP (the "Partnership") were exchanged..."

LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.

Common Partnership Units financial

"were exchanged for an equal number of Common Partnership Units ("Common Units") in the Partnership..."

Outperformance Plan financial

"earned pursuant to the UEP 2015 Outperformance Plan following the achievement of certain relative total shareholder return goals..."

An outperformance plan is a pay program that rewards executives or employees when a company does better than a preset target or peer group, usually by paying extra cash or shares if results exceed expectations. For investors, it matters because the plan can motivate management to drive higher returns but may also dilute existing shareholders or signal aggressive goal-setting; think of it like a bonus that only pays if the team beats the scoreboard.

relative total shareholder return financial

"following the achievement of certain relative total shareholder return goals over the three-year period ending February 10, 2024."

Relative total shareholder return measures how much an investor’s gain from a company — including stock price changes and dividends — beats or lags a chosen benchmark or peer group over a set time. Think of it as a race: it shows whether the company outpaced rivals or the market, which helps investors and boards judge performance, compare returns fairly, and link results to pay or investment decisions.

employee stock purchase plan financial

"Total includes Common Shares of the Issuer purchased, if any, through the Issuer's employee stock purchase plan..."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

dividend reinvestment plan financial

"Total includes Common Shares of the Issuer purchased, if any, through the Issuer's employee stock purchase plan and dividend reinvestment plan."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Form 4 Insider Transactions: What Each Field Means →

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^*

Olson Jeffrey S

(Last) (First) (Middle)

C/O URBAN EDGE PROPERTIES

12 EAST 49TH STREET, 44TH FLOOR

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of the Board & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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

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

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

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
Common Shares	05/07/2026		C		180,587(1)	A	$0(1)	184,252.47(2)	D
Common Shares	05/08/2026		S		161,553	D	$21.7266(3)	22,699.47	D
Common Shares	05/11/2026		S		19,034	D	$21.6173(4)	3,665.47	D

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 (2021 LTI Perf.)(5)	(5)	05/07/2026		C			49,032	(5)	(5)	Common Shares	49,032	$0	0	D
LTIP Units (2021 LTI Time)(6)	(6)	05/07/2026		C			128,830	(6)	(6)	Common Shares	128,830	$0	0	D
LTIP Units (2022 LTI Time)(7)	(7)	05/07/2026		C			2,725	(7)	(7)	Common Shares	2,725	$0	118,356	D

Explanation of Responses:

1. 180,587 LTIP units ("LTIP Units") in Urban Edge Properties LP (the "Partnership"), of which Urban Edge Properties (the "Issuer") is the sole general partner, were exchanged for an equal number of Common Partnership Units ("Common Units") in the Partnership, which were subsequently redeemed for an equal number of common shares of beneficial interest, par value $0.01 ("Common Shares") of the Issuer. Following this conversion, Mr. Olson owns over 2.3 million LTIP Units across numerous tranches of LTIP Unit issuances, including 670,000 unearned performance-based LTIP Units.

2. Total includes Common Shares of the Issuer purchased, if any, through the Issuer's employee stock purchase plan and dividend reinvestment plan.

3. The range of prices for the transaction reported on this line was $21.605 to $22.055. The weighted average price was $21.7266. The reporting person will provide, upon request by the SEC, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

4. The range of prices for the transaction reported on this line was $21.555 to $21.735. The weighted average price was $21.6173. The reporting person will provide, upon request by the SEC, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

5. Represents LTIP Units in the Partnership granted February 10, 2021 pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Urban Edge Properties 2015 Omnibus Plan ("Omnibus Plan") and earned pursuant to the UEP 2015 Outperformance Plan following the achievement of certain relative total shareholder return goals over the three-year period ending February 10, 2024. 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. The rights to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. 50% of the LTIP Units vested on February 22, 2024 and 25% vested on each of February 10, 2025 and February 10, 2026, respectively.

6. Represents LTIP Units in the Partnership granted February 10, 2021 pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus 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. The rights 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 four years, with the initial vesting having occurred on February 10, 2022.

7. Represents LTIP Units in the Partnership granted February 11, 2022 pursuant to the Urban Edge Properties 2022 long-term incentive plan under the Omnibus 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. The rights 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 four years, with the initial vesting having occurred on February 11, 2023.

Remarks:

	/s/ Heather Ohlberg under POA	05/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Urban Edge (UE) CEO Jeffrey Olson report?

Jeffrey Olson reported converting 180,587 LTIP Units into common shares and selling 180,587 common shares in open-market transactions at prices around $21.7. These moves reflect a derivative conversion followed by discretionary share sales.

How many Urban Edge (UE) shares did the CEO sell and at what prices?

The CEO sold 161,553 common shares on May 8, 2026 at a weighted average price of $21.7266, and 19,034 shares on May 11, 2026 at $21.6173, all in open-market transactions.

What equity does the Urban Edge (UE) CEO still hold after these transactions?

After the reported sales, Jeffrey Olson directly holds 3,665.47 common shares. A footnote states he also owns over 2.3 million LTIP Units, including 670,000 unearned performance-based LTIP Units, providing substantial continuing equity exposure.

What are LTIP Units in the context of Urban Edge (UE)?

LTIP Units are long-term incentive units in Urban Edge Properties LP that, upon vesting and tax-related conditions, can be converted into Common Partnership Units and then into one common share each. They are a key part of management’s equity compensation.

Were the Urban Edge (UE) CEO’s sales part of a tax withholding or a gift?

No. The transactions are coded S, described as sales in open market or private transactions. There are no codes for tax withholding (F) or gifts (G), indicating these were discretionary open-market sales rather than automatic tax or gifting events.

How were the conversion terms for Urban Edge (UE) LTIP Units described?

Footnotes explain each LTIP Unit may be converted, once vested and tax conditions are met, into a Common Unit, and each Common Unit into one common share. These conversion rights have no expiration dates, supporting long-term alignment with shareholders.