Form 4: Urban Edge Properties Director Acquires 8,005 LTIP Units

Mary Baglivo, a director of Urban Edge Properties, acquired 8,005 LTIP units on May 6, 2024, under the company's 2024 Omnibus Share Plan.

Summary

• On May 6, 2024, Mary Baglivo, a director of Urban Edge Properties (UE), acquired 8,005 LTIP Units.
• These LTIP Units were issued under the Urban Edge Properties 2024 Omnibus Share Plan.
• The LTIP Units, a class of units of Urban Edge Properties LP (UELP), are convertible into Common Partnership Units of UELP upon vesting and the occurrence of certain events.
• Common Units are redeemable for cash or, at UE's election, common shares on a one-for-one basis.
• The LTIP Units vest on May 7, 2025, contingent upon the reporting person's continued service on UE's Board of Trustees.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's increased stake in the company through LTIP units, aligning their interests with shareholders. It's a routine transaction, but indicates confidence.

Positives

• The acquisition of LTIP units by a director signals confidence in the company's future performance.

Future Outlook

The vesting of the LTIP units is contingent upon continued service on the Board of Trustees until May 7, 2025, aligning the director's interests with the company's long-term performance.

Industry Context

This transaction is a routine disclosure of a director's acquisition of LTIP units, which are commonly used in real estate companies to incentivize management and align their interests with those of shareholders.

Stakeholder Impact

• The acquisition of LTIP units by a director can positively influence shareholder sentiment by demonstrating alignment of interests.

Key Dates