CEO Sells $3.92M in Shares Following LTIP Conversion Near 52-Week Highs
summarizeSummary
Urban Edge Properties' Chairman and CEO, Jeffrey S. Olson, sold $3.92 million in common shares, which were converted from LTIP units, in open market transactions near the stock's 52-week high.
check_boxKey Events
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CEO Sells $3.92 Million in Shares
Jeffrey S. Olson, Chairman and CEO, disposed of 180,587 common shares in open market sales between May 8 and May 11, 2026, for a total value of $3,921,461.
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Shares Converted from LTIP Units
The shares sold were acquired through the conversion of LTIP (Long-Term Incentive Plan) units, which are equity awards tied to performance and time-based vesting.
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Follows Prior Intent to Sell
This Form 4 confirms the execution of a sale previously indicated by a Form 144 filing on May 8, 2026, where Mr. Olson declared an intent to sell approximately $3.97 million in shares.
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Sale Occurs Near 52-Week High
The transactions took place while the company's stock was trading near its 52-week high of $22.26, potentially indicating the CEO is realizing gains from vested equity.
auto_awesomeAnalysis
Jeffrey S. Olson, the Chairman and CEO, sold $3.92 million worth of common shares in open market transactions. These shares originated from the conversion of LTIP units, which are performance and time-based equity awards. This sale follows a Form 144 filing on May 8, 2026, indicating an intent to sell, and now confirms the execution of that sale. The timing of the sale, occurring near the stock's 52-week high, suggests the CEO is locking in gains from vested equity awards.
At the time of this filing, UE was trading at $21.69 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $17.46 to $22.26. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.