0001225208-24-001988.txt : 20240213 0001225208-24-001988.hdr.sgml : 20240213 20240213210416 ACCESSION NUMBER: 0001225208-24-001988 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240209 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Langer Mark CENTRAL INDEX KEY: 0001460661 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36523 FILM NUMBER: 24631542 MAIL ADDRESS: STREET 1: 1600 NE MIAMI GARDENS DRIVE CITY: NORTH MIAMI BEACH STATE: FL ZIP: 33179 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Urban Edge Properties CENTRAL INDEX KEY: 0001611547 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 476311266 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 210 ROUTE 4 EAST CITY: PARAMUS STATE: NJ ZIP: 07652 BUSINESS PHONE: 201-587-1000 MAIL ADDRESS: STREET 1: 210 ROUTE 4 EAST CITY: PARAMUS STATE: NJ ZIP: 07652 FORMER COMPANY: FORMER CONFORMED NAME: Vornado SpinCo DATE OF NAME CHANGE: 20140623 4 1 doc4.xml X0508 4 2024-02-09 0001611547 Urban Edge Properties UE 0001460661 Langer Mark C/O URBAN EDGE PROPERTIES 210 ROUTE 4 EAST PARAMUS NJ 07652 1 Chief Financial Officer 0 2023 LTIPs 2024-02-09 4 A 0 130919.0000 0.0000 A Common Shares 130919.0000 130919.0000 D LTIP Units (2024 LTI Perf.) 2024-02-09 4 A 0 13649.0000 0.0000 A Common Shares 13649.0000 13649.0000 D LTIP Units (2024 LTI Time) 2024-02-09 4 A 0 33843.0000 0.0000 A Common Shares 33843.0000 33843.0000 D 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. 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. 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. Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2024 long-term incentive plan (the "2024 LTI Plan") under the Urban Edge Properties 2015 Omnibus Share Plan. The 2024 LTI Plan is comprised of LTIP Units that vest solely based on time, which we refer to as "2024 LTI Time" in Table II and those that vest subject to both time and performanced hurdles, which we refer to as "2024 LTI Perf." in Table II. The LTIP Units are scheduled to vest 50% on February 9, 2027 and 25% on each of February 9, 2028 and February 9, 2029, subject to continued employment through such dates and the achievement of certain performance based criteria based on the Issuer's total return to shareholders through February 9, 2027. Excludes 44,681 LTIP units granted under the 2024 LTI Plan the vesting of which is subject to conditions that are not tied solely to the market price of an equity security of the Issuer. The LTIP Units vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on February 9, 2025. /s/ Robert C. Milton III under POA 2024-02-13