Form 4: UDR Inc. Executive Harry G. Alcock Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Harry G. Alcock, SVP-Chief Investment Officer of UDR, Inc., reports changes in beneficial ownership of Class 2 LTIP Units and Class 2 Performance Units, with transactions occurring on July 31, 2024.
Summary
- On July 31, 2024, Harry G. Alcock, SVP-Chief Investment Officer of UDR, Inc., reported changes in beneficial ownership.
- The transactions involved Class 2 LTIP Units and Class 2 Performance Units in United Dominion Realty, L.P.
- Alcock directly owns 461,870 shares of Common Stock after the reported transactions.
- The reported transactions involved the disposition of 31,466, 11,114, 29,470, 13,926, and 59,748 Class 2 LTIP Units.
- Additionally, 123,332 Class 2 Performance Units were disposed of.
- The price for these transactions was $0.0000 per unit.
- The remaining balance of Class 2 Performance Units is 509,907.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's securities.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The information disclosed is consistent with regulatory requirements for reporting changes in beneficial ownership.
- Comparable companies such as AvalonBay Communities (AVB) and Equity Residential (EQR) also have executives who file Form 4s regularly.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive ownership and transactions.
- It helps stakeholders understand the alignment of management's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of earliest transaction and date of transactions involving Class 2 LTIP Units and Class 2 Performance Units. |
| 08/01/2024 | Date of signature for the report. |
| 01/03/2033 | Expiration date of Class 2 Performance Units |
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