Object Timeline Widget Title Doesn't Respect User Value Formatting

Does anyone know why if I have an object timeline widget, and use a Property that has value formatting as the title, it doesn’t seem to respect this value formatting?

As set in the object’s properties:

As displayed in the widget:

If I select the Creator UID as an event property in the timeline widget, it displays correctly as a person’s name, following the value formatting. But in the title it doesn’t. Is this a bug?