Langer Mark 4
4 · Urban Edge Properties · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Urban Edge (UE) CFO Mark Langer Receives 51,774 LTIP Units
What Happened
Mark Langer, Chief Financial Officer of Urban Edge Properties (UE), was granted 51,774 LTIP Units (reported as a derivative award) on March 12, 2026. The award is reported at $0.00 per unit because these are performance‑earned long‑term incentive plan units rather than an open‑market purchase or sale.
Key Details
- Transaction type: Award/Grant (code A) of 51,774 LTIP Units on 2026-03-12, reported on Form 4 filed 2026-03-16.
- Reported price/value: $0.00 per unit (derivative award, not a cash purchase).
- Vesting: 50% immediately vested; remaining 25% vests Feb 9, 2027 and 25% vests Feb 9, 2028, subject to continued employment (Footnote F2).
- Conversion rights: Each LTIP Unit may be converted, at the holder’s election, into a Common Partnership Unit, which in turn may be converted into one Common Share; conversion rights have no expiration (Footnote F1).
- Prior reporting: Includes 12,248 LTIP Units (2023 LTI Perf.) that were previously reported as earned (Footnote F3).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Timeliness: Filing dated 2026-03-16 for a 2026-03-12 grant — filed within normal Form 4 timing (not marked late).
Context
This was a compensation grant of performance‑earned LTIP Units, not an open‑market trade. Such awards represent potential future equity (convertible into partnership units and then common shares) and vest over time subject to performance and continued employment; they do not indicate an immediate cash transaction or open‑market buying/selling.
Insider Transaction Report
- Award
LTIP Units (2023 LTI Perf.)
[F1][F2][F3]2026-03-12+51,774→ 51,774 total→ Common Shares (51,774 underlying)
Footnotes (3)
- [F1]Represents LTIP Units granted pursuant to the issuer's 2015 Omnibus Share Plan that have been earned following the achievement of certain performance metrics over the three-year period ending February 9, 2026, as determined by the compensation committee of the issuer on March 12, 2026. Conditioned upon minimum allocations to the absolute and 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 Partnership Unit (a "Common Unit") in Urban Edge Properties LP. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the issuer. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates.
- [F2]50% of the LTIP Units are immediately vested and 25% will vest on each of February 9, 2027 and February 9, 2028, respectively, subject to continued employment through such dates.
- [F3]Includes 12,248 of the LTIP Units (2023 LTI Perf.) that were previously reported on a Form 4 filed by the Reporting Person with the Securities and Exchange Commission on February 14, 2023, which were also determined to be earned.