Form 4: UDR Inc. Chairman and CEO Thomas W. Toomey Reports Transaction in Company Securities

Thomas W. Toomey, Chairman and CEO of UDR, Inc., reports the conversion and acquisition of Class 2 LTIP Units and Partnership Common Units, as well as the acquisition of Partnership Common Units by the company.

Summary

• On March 28, 2025, Thomas W. Toomey, Chairman and CEO of UDR, Inc., engaged in transactions involving Class 2 LTIP Units and Partnership Common Units.
• Toomey converted 125,000 vested Class 2 LTIP Units into Partnership Common Units.
• He acquired 125,000 Partnership Common Units upon conversion of the Class 2 LTIP Units.
• The company acquired 125,000 Partnership Common Units at a price of $44.077 per unit.
• Following these transactions, Toomey directly owns 781,236 Partnership Common Units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation and equity transactions, suggesting a neutral to slightly positive sentiment due to alignment of management and shareholder interests.

Industry Context

This filing reflects standard executive compensation practices involving equity-based awards and their conversion into common units, common in publicly traded real estate companies like UDR, Inc.

Comparison to Industry Standards

• Equity compensation, including LTIP units and partnership units, is a common practice among REITs such as Equity Residential (EQR) and AvalonBay Communities (AVB).
• The conversion of LTIP units into common units is a typical mechanism for aligning management's interests with those of shareholders.
• The pricing of the acquired units at $44.077 is consistent with market valuations for similar transactions in the real estate sector.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholders by aligning management's interests with the company's performance.
• Employees holding similar LTIP units may be affected by the precedent set by this transaction.

Key Dates

Keywords

UDR Inc., Thomas W. Toomey, Class 2 LTIP Units, Partnership Common Units, SEC Form 4, Beneficial Ownership, Securities Transaction