secwatch.observer — SEC 8-K summary
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Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001611547-24-000035
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Edge Properties enters new employment agreement with CEO Jeffrey Olson through 2027
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- New agreement extends term to Sept 1, 2027 with auto-renewal; base salary $1.1M, target bonus 110% of base.
- Annual LTIP grant minimum $4.45M (50% time-based, 50% performance-based with multi-year vesting).
- Severance: 2x (base+target) or 3x on change-in-control termination; includes Pro Rata Bonus and Medical Benefits.
- Non-compete and non-solicitation covenants apply for one year post-termination.
- Current target compensation unchanged; no one-time award for executing the agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154724000035/0001611547-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154724000035/ue-20240628.htm
  HTML page:      https://secwatch.observer/filing/0001611547-24-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer