Tracy L. Hofmeister - Jul 21, 2022 Form 4 Insider Report for UDR, Inc. (UDR)

Role
SVP - Chief Accounting Officer
Signature
Tracy L. Hofmeister
Stock symbol
UDR
Transactions as of
Jul 21, 2022
Transactions value $
$0
Form type
4
Date filed
7/25/2022, 05:08 PM
Previous filing
Feb 17, 2022
Next filing
Jan 5, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UDR Stock Option (right to buy) Award $0 +102K $0.00 102K Jul 21, 2022 Common Stock 102K $45.69 Direct F1
transaction UDR Stock Option (right to buy) Award $0 +10.6K +10.45% $0.00 112K Jul 21, 2022 Common Stock 10.6K $45.69 Direct F2
transaction UDR Stock Option (right to buy) Award $0 +10.5K +9.33% $0.00 123K Jul 21, 2022 Common Stock 10.5K $45.69 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to the reporting person's continued employment, the grant will vest on the date that the Company's Compensation Committee determines performance five years after the grant date (the "Determination Date"), based on achievement of pre-determined performance metrics over five measurement periods of one year each, beginning July 1 and ending June 30, with 50 percent based on a goal measured by the Company's relative FFO as Adjusted growth rate as compared to an apartment peer group and 50 percent based on a goal measured by the Company's absolute FFO as Adjusted growth rate.
F2 Subject to the reporting person's continued employment, the grant will vest on the first anniversary of the Determination Date in an amount determined based on the percentage of the award referenced in footnote 1 that vests on the Determination Date.
F3 Subject to the reporting person's continued employment, the grant will vest on the second anniversary of the Determination Date in an amount determined based on the percentage of the award referenced in footnote 1 that vests on the Determination Date.