Urban Edge Properties — Director's Dealing 2023

Feb 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Urban Edge Properties (UE)
CIK: 0001611547
Period of Report: 2023-02-10

Reporting Person: Mooallem Jeffrey (Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-10	LTIP Units (2023 LTI Perf.)	$	A	15311.0000	Acquired		Common Shares (15311.0000)	Direct
2023-02-10	LTIP Units (2023 LTI Time)	$	A	43859.0000	Acquired		Common Shares (43859.0000)	Direct

Footnotes

F1: Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2023 long-term incentive plan (the "2023 LTI Plan") under the Urban Edge Properties 2015 Omnibus Share Plan. The 2023 LTI Plan is comprised of LTIP Units that vest solely based on time, which we refer to as "2023 LTI Time" in Table II and those that vest subject to both time and performanced hurdles, which we refer to as "2023 LTI Perf." in Table II.

F2: 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.

F3: The LTIP Units are scheduled to vest 50% on February 10, 2026 and 25% on each of February 10, 2027 and February 10, 2028, 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 10, 2026. Excludes 57,201 LTIP units granted under the 2023 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.

F4: The LTIP Units vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on February 10, 2024.