Form 4: UDR Inc. Executive Joseph D. Fisher Reports Changes in Beneficial Ownership

Joseph D. Fisher, President, CFO & CIO of UDR, Inc., reports transactions involving Class 2 LTIP Units, resulting in adjustments to his beneficial ownership.

Summary

• On February 13, 2025, Joseph D. Fisher, President, CFO & CIO of UDR, Inc., reported changes in his beneficial ownership of the company's securities.
• The transactions involved Class 2 LTIP Units in United Dominion Realty, L.P., where UDR, Inc. is the parent company and sole general partner.
• Fisher disposed of 31,436, 674, and 24,091 Class 2 LTIP Units, respectively.
• These disposals did not involve a monetary transaction, with a price of $0.0000 reported for each transaction.
• Following these transactions, Fisher's direct ownership includes 577,053, 576,379, and 552,288 Class 2 LTIP Units.
• The Class 2 LTIP Units are subject to vesting conditions and can be converted into units of limited partnership, redeemable for cash or UDR's common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with a neutral sentiment.

Risks

• The value of the Class 2 LTIP Units is tied to UDR's performance and market conditions.
• Vesting is contingent upon meeting performance metrics and continued employment, creating potential risk for the holder.
• Changes in control of the company could impact the vesting of the Class 2 LTIP Units.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of LTIP units is tied to future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and ownership changes, common in publicly traded companies.

Stakeholder Impact

• The changes in ownership may be of interest to shareholders, as they reflect executive compensation and alignment with company performance.

Key Dates

Keywords

UDR Inc., Joseph D. Fisher, Class 2 LTIP Units, Beneficial Ownership, Form 4, Securities, Vesting, Performance Metrics, UDR Partnership