Urban Edge Properties Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Urban Edge Properties will hold its 2024 Annual Meeting entirely online on May 1, 2024, providing shareholders access to proxy materials via the internet.</b>

AI Summary

Urban Edge Properties (UE) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. The 2024 Annual Meeting of Urban Edge Properties shareholders will be held entirely online on May 1, 2024, at 9:00 a.m. Eastern Time. Shareholders can attend, submit questions, and vote online at www.virtualshareholdermeeting.com/UE2024. Proxy materials are being provided over the Internet, with a Notice of Internet Availability of Proxy Materials sent to shareholders of record as of March 4, 2024. The notice provides instructions on accessing the proxy statement and annual report, authorizing proxy votes online, and requesting paper copies. The filing is a Definitive Proxy Statement (DEF 14A) filed on March 22, 2024, for the fiscal year ending December 31.

Why It Matters

For investors and stakeholders tracking Urban Edge Properties, this filing contains several important signals. The shift to a virtual-only meeting format allows for broader accessibility and engagement for shareholders regardless of location. The use of internet-based proxy materials aims to reduce printing and mailing costs, aligning with environmental and efficiency goals.

Risk Assessment

Risk Level: low — Urban Edge Properties shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or strategic shifts that would indicate significant risk.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and voting proposals to make informed decisions before the May 1st meeting.

Key Numbers

• 2024 — Annual Meeting Year (2024 Annual Meeting of Shareholders)
• May 1 — Annual Meeting Date (Annual Meeting will be held on Wednesday, May 1, 2024)
• 9:00 a.m. Eastern Time — Annual Meeting Time (at 9:00 a.m. Eastern Time)
• March 4 — Record Date (shareholders of record as of the close of business on March 4, 2024)
• March 22 — Filing Date (Filed on March 22, 2024)

Key Players & Entities

• Urban Edge Properties (company) — Registrant name and company name
• May 1, 2024 (date) — Date of the Annual Meeting
• March 4, 2024 (date) — Record date for shareholders
• March 22, 2024 (date) — Filing date of the proxy statement
• SEC (regulator) — Securities and Exchange Commission
• DEF 14A (filing_type) — Form type of the filing

FAQ

Industry Context

Urban Edge Properties operates as a real estate investment trust (REIT) focused on retail properties, particularly in high-density, demographically attractive U.S. markets.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the proxy statement for details on director nominees and corporate governance proposals.
2. Understand the voting procedures for the virtual annual meeting and ensure your vote is cast.
3. Check for any shareholder proposals or management proposals requiring a vote.

Key Dates

• 2024-05-01: Annual Meeting — Shareholders will attend and vote virtually.
• 2024-03-04: Record Date — Determines which shareholders are eligible to receive proxy materials and vote.
• 2024-03-22: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Year-Over-Year Comparison

This filing is a Definitive Proxy Statement (DEF 14A) for the 2024 Annual Meeting, following the standard disclosure requirements for such filings.

Filing Documents

• ny20019737x1_def14a.htm (DEF 14A) — 1790KB
• logo_urbanedgeproperties.jpg (GRAPHIC) — 38KB
• ny20019737x1_skillsx1.jpg (GRAPHIC) — 130KB
• ny20019737x1_tenurex1.jpg (GRAPHIC) — 99KB
• sig_jeffreysolson.jpg (GRAPHIC) — 11KB
• ny20019737x1_pvpcharts0x3.jpg (GRAPHIC) — 214KB
• ny20019737x1_ceomixx3.jpg (GRAPHIC) — 71KB
• ny20019737x1_neomixx3.jpg (GRAPHIC) — 72KB
• ny20019737x1_pc1.jpg (GRAPHIC) — 585KB
• ny20019737x1_pc2.jpg (GRAPHIC) — 661KB
• 0001140361-24-014774.txt (&nbsp;) — 7536KB
• ue-20240501.xsd (EX-101.SCH) — 5KB
• ue-20240501_def.xml (EX-101.DEF) — 5KB
• ue-20240501_lab.xml (EX-101.LAB) — 9KB
• ue-20240501_pre.xml (EX-101.PRE) — 5KB
• ny20019737x1_def14a_htm.xml (XML) — 207KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 25 PROPOSAL 2 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 28 RELATIONSHIP WITH INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 29 AUDIT COMMITTEE REPORT 30 COMPENSATION DISCUSSION AND ANALYSIS 31 Summary Compensation Table 44 Grants of Plan-Based Awards in 2023 45 Options Exercises and Stock Vested in 2023 45 Outstanding Equity Awards at 2023 Fiscal Year End 46 Employment Agreements and Potential Payments Upon Termination of Employment or a Corporate Transaction/Change in Control 47 Executive Severance and Change in Control Plan 53 i TABLE OF CONTENTS Page Employee Retirement Plan 54 Deferred Compensation 54 Pay Ratio Disclosure 54 Pay Versus Performance Disclosure 55 COMPENSATION COMMITTEE REPORT 58 PROPOSAL 3 NON-BINDING ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION 59 PROPOSAL 4 VOTE ON THE URBAN PROPERTIES 2024 OMNIBUS SHARE PLAN 61 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 69 OTHER BUSINESS 69 NON-GAAP FINANCIAL MEASURES 69 ADDITIONAL MATTERS 74

Financial Statements

Financial Statements 74 Delivery of Proxy Materials to Households 74 Delinquent Section 16(a) Reports 74 SHAREHOLDER PROPOSALS FOR THE 2025 ANNUAL MEETING 75

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS 76 ii TABLE OF CONTENTS PROXY STATEMENT QUESTIONS AND ANSWERS Why did I receive a Notice of Internet Availability of Proxy Materials? As permitted by the rules of the Securities and Exchange Commission (the "SEC"), we are making this Proxy Statement and our annual report available to our shareholders electronically via the Internet in connection with the solicitation of proxies by our Board of Trustees (the "Board") for use at our Annual Meeting of Shareholders (the "Annual Meeting") to be held online on Wednesday, May 1, 2024, at 9:00 a.m. Eastern Time. We provided a Notice of Internet Availability of Proxy Materials (the "Notice") to our shareholders of record on March 4, 2024. If you received the Notice electronically, you will not receive a printed copy of the proxy materials in the mail. If you would like to receive a printed copy of our proxy materials, please follow the instructions for requesting printed materials contained in the Notice. Our shareholders are invited to attend the Annual Meeting online and are requested to vote on the proposals described in this Proxy Statement. The approximate date on which this Proxy Statement and accompanying materials will be first sent and made available to shareholders is March 22, 2024. How do I attend the virtual Annual Meeting? The Annual Meeting will be held entirely online. Shareholders of record as of March 4, 2024, will be able to attend and participate online by accessing www.virtualshareholdermeeting.com/UE2024 using the log in instructions below. Even if you plan to attend the Annual Meeting online, we recommend that you also vote by proxy as described herein so that your vote will be counted if you decide not to attend the Annual Meeting. Access to the Audio Webcast of the Annual Meeting . The live audio webcast of the Annual Meeting will begin promptly at 9:00 a.m. Eastern Time. Online access to the audio webcast will open approximately thirty minutes prior to the star

View Full Filing

View this DEF 14A filing on SEC EDGAR