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AI brief of an SEC Form 8-K · Urban Edge Properties (UE)

Urban Edge Properties CEO Jeffrey Olson signs new employment deal through September 2027

Neutral Impact 3 of 5 leadership Written later

Urban Edge Properties entered a new employment agreement with Chairman and CEO Jeffrey S. Olson dated June 28, 2024, replacing his prior agreement. The new term runs to September 1, 2027, with automatic one-year renewals unless either party gives at least 90 days' notice, and the company says his current target compensation is unchanged. For shareholders, the filing sets out the terms of severance and bonus arrangements if his employment ends.

Key points

  • Agreement dated June 28, 2024; initial term extends to September 1, 2027
  • Base salary of not less than $1,100,000 and target bonus of not less than 110% of base salary
  • Annual LTIP Unit grant beginning in 2025 with fair value of not less than $4,450,000
  • Severance equals two times base salary plus target bonus, or three times if a change in control termination applies

The filing

CompanyUrban Edge Properties (UE)
Form8-K, current report
Filed with the SECJul 2, 2024, 5:15 PM ET
Accession number0001611547-24-000035

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 02, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.