Form 4: UDR Inc. CFO Joseph D. Fisher Reports Transaction Involving Partnership Common Units and Class 2 LTIP Units

UDR Inc.'s CFO, Joseph D. Fisher, reports the conversion and disposal of Class 2 LTIP Units into Partnership Common Units, and subsequent acquisition of common stock.

Summary

• On September 16, 2024, Joseph D. Fisher, the President and CFO of UDR, Inc., engaged in transactions involving Class 2 LTIP Units and Partnership Common Units.
• Fisher converted 45,000 vested Class 2 LTIP Units into 45,000 Partnership Common Units.
• These Partnership Common Units were then redeemed by the UDR Partnership in exchange for common stock at a price of $44.3335 per share.
• Following these transactions, Fisher directly owns 430,849 shares of UDR, Inc. common stock.
• The transactions were executed pursuant to the terms of the UDR Partnership's Amended and Restated Agreement of Limited Partnership.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.

Comparison to Industry Standards

• Tracking insider transactions is a common practice in financial analysis.
• Comparing Fisher's transactions to those of other REIT CFOs could provide insights into management's sentiment and expectations for UDR's performance.
• Companies like Equity Residential (EQR) and AvalonBay Communities (AVB) also have insider transaction reporting that can be compared.

Stakeholder Impact

• The transactions could be of interest to shareholders as they provide insight into the actions of a key executive.
• The transactions have no immediate impact on employees, customers, suppliers, or creditors.

Key Dates