Olson Jeffrey S 4
4 · Urban Edge Properties · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Urban Edge CEO Jeffrey Olson Receives 216,951 LTIP Units
What Happened
Jeffrey S. Olson, Chairman of the Board and CEO of Urban Edge Properties (UE), was granted 216,951 long-term incentive plan (LTIP) units as a performance award on March 12, 2026. The award is reported as a derivative acquisition at $0.00 (no cash paid). These LTIP units can be converted, at the holder’s election, into Common Partnership Units and thereafter into Common Shares; the conversion rights have no expiration. Fifty percent of the grant vested immediately, with the remaining 50% vesting in two equal installments on February 9, 2027 and February 9, 2028, subject to continued employment.
Key Details
- Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (filed within the typical two-business-day window).
- Transaction type/code: Award/Grant (A); acquisition price reported $0.00.
- Quantity: 216,951 LTIP units.
- Vesting: 50% vested immediately; 25% vest 2027-02-09; 25% vest 2028-02-09 (continued employment required).
- Conversion: LTIP units may convert to Common Partnership Units, which may convert to one Common Share each; conversion rights do not expire.
- Prior reporting: Includes 51,322 LTIP units from the 2023 LTI performance award that were previously reported.
- Shares owned after transaction: Not specified in the provided filing.
Context
This is a compensation award (derivative units), not an open‑market buy or sale. Awards like LTIP units reward multi-year performance and have vesting and conversion conditions; they do not necessarily reflect immediate insider market sentiment.
Insider Transaction Report
- Award
LTIP Units (2023 LTI Perf.)
[F1][F2][F3]2026-03-12+216,951→ 216,951 total→ Common Shares (216,951 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 51,322 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.