Form 4: Urban Edge Properties Executive Robert Milton Reports Share Transactions
SEC Form 4
Robert Milton, General Counsel and Secretary of Urban Edge Properties, reports the exchange and sale of LTIP units and common shares.
Summary
- Robert Milton, General Counsel and Secretary of Urban Edge Properties, filed a Form 4 detailing changes in beneficial ownership.
- On May 12, 2025, Mr. Milton exchanged 26,000 LTIP units in Urban Edge Properties LP for 26,000 common shares of Urban Edge Properties.
- On May 13, 2025, Mr. Milton sold 26,000 common shares at a weighted average price of $18.7848, with prices ranging from $18.65 to $19.04.
- The transactions also involved the conversion of LTIP units granted under the 2021 and 2022 long-term incentive plans into common shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| February 10, 2022 | Initial vesting occurred for LTIP Units granted pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus Plan. |
| February 11, 2023 | Initial vesting occurred for LTIP Units granted pursuant to the Urban Edge Properties 2022 long-term incentive plan under the Omnibus Plan. |
| February 22, 2024 | 50% of the LTIP Units vested on February 22, 2024, 25% of the LTIP Units vested on February 9, 2025 and 25% of the LTIP Units will vest on February 9, 2026, subject to continued employment through such date. |
| February 9, 2025 | 25% of the LTIP Units vested on February 9, 2025 and 25% of the LTIP Units will vest on February 9, 2026, subject to continued employment through such date. |
| February 11, 2025 | 50% of the LTIP Units vested on February 11, 2025 and 25% will vest on each of February 11, 2026 and February 11, 2027, subject to continued employment through such dates. |
| May 12, 2025 | 26,000 LTIP units were exchanged for common shares. |
| May 13, 2025 | 26,000 common shares were sold. |
| February 9, 2026 | 25% of the LTIP Units will vest on February 9, 2026, subject to continued employment through such date. |
| February 11, 2026 | 25% of the LTIP Units will vest on February 11, 2026, subject to continued employment through such dates. |
| February 11, 2027 | 25% of the LTIP Units will vest on February 11, 2027, subject to continued employment through such dates. |
Keywords
Form 4, Urban Edge Properties, LTIP Units, Common Shares, Beneficial Ownership, Robert Milton, SEC Filing
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