Robert C. Milton III - Mar 2, 2022 Form 4 Insider Report for Urban Edge Properties (UE)

Signature
/s/ Robert C. Milton III
Stock symbol
UE
Transactions as of
Mar 2, 2022
Transactions value $
$0
Form type
4
Date filed
3/2/2022, 08:08 PM
Previous filing
Feb 15, 2022
Next filing
Feb 14, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UE LTIP Units Award $0 +2.9K $0.00 2.9K Mar 2, 2022 Common Shares 2.9K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents LTIP Units granted pursuant to the issuer's 2015 Omnibus Share Plan that have been earned following the achievement of certain relative total shareholder return goals over the three-year period ending February 25, 2022, as determined by the compensation committee of the issuer on March 2, 2022. 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 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. 50% of the LTIP Units vested on March 2, 2022 and 25% will vest on each of February 27, 2023 and February 27, 2024, respectively, subject to continued employment through such dates.