Robert C. Milton III - 31 Jan 2025 Form 4 Insider Report for Urban Edge Properties (UE)

Footnote F1

Represents LTIP Units in Urban Edge Properties LP granted pursuant to a one-time elective program under which members of management elected to forgo 2024 cash bonuses and receive equity with a grant date fairvalue equal to the cash forgone plus a 20% match by the Issuer. The LTIPs shown represent both the forgone bonus plus the match, all of which vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on January 31, 2026.

Footnote F2

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.

Footnote F3

Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2025 long-term incentive plan (the "2025 LTI Plan") under the Urban Edge Properties 2024 Omnibus Share Plan. The 2025 LTI Plan is comprised of LTIP Units that vest solely based on time, which we refer to as "2025 LTI Time" in Table II and those that vest and are earned subject to both time and performanced hurdles, which we refer to as "2025 LTI Perf." in Table II.

Footnote F4

The LTIP Units are scheduled to vest as follows: 50% as soon as practicable following the determination of the units earned upon completion of the three year performance measurement period ending January 30, 2028 (the "Measurement Period") and 25% on each of January 31, 2029 and January 31, 2030, subject to continued employment through such dates and the achievement of certain performance based criteria based on the Issuer's total return to shareholders during the Measurement Period. Excludes 156,647 LTIP units granted under the 2025 LTI Plan the earning of which is subject to conditions that are not tied solely to the market price of an equity security of the Issuer.

Footnote F5

The LTIP Units vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on January 31, 2026.