Kevin J. Bannon - 03 Jan 2023 Form 4 Insider Report for URSTADT BIDDLE PROPERTIES INC

Role
Director
Signature
/s/ Kevin J. Bannon by Miyun Sung as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
03 Jan 2023
Net transactions value
$0
Form type
4
Filing time
04 Jan 2023, 15:30:45 UTC
Previous filing
05 Jan 2022
Next filing
18 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBA Class A Common Stock Award $0 +2,600 +5.3% $0.000000 51,500 03 Jan 2023 Direct F1, F2
holding UBA Class A Common Stock 1,000 03 Jan 2023 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 3, 2023, the Issuer entered into an agreement with Kevin J. Bannon (the "Reporting Person") whereby the Reporting Person was granted a restricted stock award of 2,600 shares of Class A Common Stock that vests on January 3, 2028, pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan (the "Restricted Stock Award Plan").
F2 Of such shares, 8,900 are restricted shares, subject to vesting, issued pursuant to the Restricted Stock Award Plan, and 1,700 shares are held in the name of the Kevin J. Bannon IRA for the benefit of Kevin J. Bannon.
F3 The Reporting Person is the indirect beneficial owner of 1,000 shares of Class A Common Stock, which are owned by the Trust established under the will of Nathan B. Epstein for the benefit of Susan E. Bannon, Mr. Bannon's wife, et ano. Mr. Bannon is co-trustee of the trust.