Urban Edge director granted 6,490 LTIP units
Urban Edge Properties director Douglas William Sesler received a grant of 6,490 2026 LTIP Units as compensation.
Rhea-AI Filing Summary
Urban Edge Properties director Douglas William Sesler received a grant of 6,490 2026 LTIP Units as compensation. The award was made on May 6, 2026 at a grant price of $0.00 per unit and leaves him holding 6,490 LTIP Units after the transaction.
These LTIP Units were issued under the Urban Edge Properties 2024 Omnibus Share Plan and can convert, after vesting and certain events, into an equivalent number of Common Partnership Units. Those units are redeemable for cash or, at the company’s election, one-for-one Urban Edge common shares. The LTIP Units vest on May 6, 2027 if Sesler continues serving on the Board of Trustees through that date.
Positive
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Negative
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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
redeemable financial
FAQ
What did Urban Edge Properties (UE) director Douglas Sesler report on this Form 4?
How many LTIP Units did the Urban Edge (UE) director receive and what do they represent?
When do Douglas Sesler’s 6,490 Urban Edge (UE) LTIP Units vest?
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