Form 4: UDR Inc. COO Michael Lacy Reports Changes in Beneficial Ownership

Michael Lacy, COO of UDR Inc., reports transactions involving common stock and Class 2 LTIP Units, including acquisitions, disposals, and vesting adjustments.

Summary

• On February 13, 2025, Michael Lacy acquired 1,155 shares of common stock at $0.00 and disposed of 566 shares at $43.15 to cover tax obligations.
• On February 18, 2025, Lacy disposed of 584 shares at $43.07 to cover tax obligations.
• Lacy also reported changes in Class 2 LTIP Units, including disposals of 11,005, 391, and 9,965 units on February 13, 2025, due to performance results and vesting.
• Following these transactions, Lacy beneficially owns 10,783 shares of common stock and 346,271 Class 2 LTIP Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about changes in beneficial ownership.

Future Outlook

The Class 2 LTIP Units vest based on pre-established performance metrics and continuing employment, with vesting potentially ceasing upon termination of employment, except in the event of a change of control.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the real estate investment trust (REIT) sector. Monitoring these filings can provide insights into management's perspective on the company's performance and future prospects.

Stakeholder Impact

• Shareholders may be interested in the transactions of company executives as an indicator of management's confidence in the company.

Key Dates

Keywords

UDR Inc., Michael Lacy, beneficial ownership, Form 4, LTIP Units, common stock, COO, disposal, acquisition