Andrea Rosenthal Drazin - Feb 9, 2024 Form 4 Insider Report for Urban Edge Properties (UE)

Role: Chief Accounting Officer
Signature: /s/ Robert C. Milton III under POA
Stock symbol: UE
Transactions as of: Feb 9, 2024
Transactions value $: $82,706
Form type: 4
Date filed: 2/13/2024, 09:03 PM
Previous filing: Feb 22, 2023
Next filing: Feb 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UE	Common Shares	Award	$100K	+5.73K	+39.8%	$17.45	20.1K	Feb 9, 2024	Direct	F1, F2
transaction	UE	Common Shares	Tax liability	-$17.3K	-979	-4.86%	$17.66	19.2K	Feb 12, 2024	Direct	F2, F3

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	2023 LTIPs	Award	$0	+11.5K		$0.00	11.5K	Feb 9, 2024	Common Shares	11.5K		Direct	F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These common shares of beneficial interest, par value $0.01 ("Common Shares") of Urban Edge Properties (the "Issuer") were issued as "Restricted Stock" under the terms of the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Plan"). These shares vest ratably over three years subject to continued employment through each vesting date with the initial vesting occurring on February 9, 2025.
F2	Total includes Common Shares purchased, if any, through the Urban Edge Properties employee stock purchase plan and dividend reinvestment plan.
F3	Represents Common Shares disposed to the Issuer to satisfy withholding taxes related to vesting Restricted Stock issued under the Omnibus Plan.
F4	Represents LTIP Units in Urban Edge Properties LP granted pursuant to a one-time elective program under which members of management elected to forgo 2023 cash bonuses and receive equity with a grant date fair value equal to the cash forgone that was matched on a one-for-one basis by the Issuer. The LTIPs shown represent both the forgone bonus plus the match, all of which vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occurring on February 9, 2025.
F5	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 of Urban Edge Properties (the "Issuer"). LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates.
F6	The LTIP Units vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occurring on February 9, 2025.