Thomas W. Toomey - 28 Mar 2025 Form 4 Insider Report for UDR, Inc. (UDR)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
31 Mar 2025, 17:54:30 UTC
Prior SEC filing
21 Feb 2025
Next SEC filing
26 Nov 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Thomas W. Toomey

Key filing fact

Thomas W. Toomey filed Form 4 for UDR, Inc. (UDR) on 31 Mar 2025.

Key facts

  • This page summarizes Thomas W. Toomey's Form 4 filing for UDR, Inc. (UDR).
  • 3 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 31 Mar 2025, 17:54.

Change

  • Previous filing in this sequence was filed on 21 Feb 2025.
  • Current net transaction value: -$5,509,625.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UDR transaction Derivative

Class 2 LTIP Units

Options Exercise

Transaction value
$5,509,625
Shares
-125,000
Change %
-14%
Price
$44.08
Shares after
781,236
Date
28 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
125,000
Exercise price
Footnotes
F1, F2, F3, F4, F5
UDR transaction Derivative

Partnership Common Units

Options Exercise

Transaction value
$5,509,625
Shares
+125,000
Change %
Price
$44.08
Shares after
125,000
Date
28 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
125,000
Exercise price
Footnotes
F2, F3, F4, F6
UDR transaction Derivative

Partnership Common Units

Disposed to Issuer

Transaction value
$5,509,625
Shares
-125,000
Change %
-100%
Price
$44.08
Shares after
0
Date
28 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
125,000
Exercise price
Footnotes
F2, F3, F4, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Represents Class 2 LTIP Units (the "Class 2 LTIP Units") in United Dominion Realty, L.P., a Delaware limited partnership (the "UDR Partnership"). UDR, Inc. (the "Company") is the parent company and sole general partner of the UDR Partnership.

Footnote F2

Subject to the conditions set forth in the Amended and Restated Agreement of Limited Partnership of the UDR Partnership, as amended (the "Partnership Agreement") and subject to the vesting conditions specified with respect to each Class 2 LTIP Unit, each Class 2 LTIP Unit may be converted, at the election of the holder, into a unit of limited partnership of the UDR Partnership (a "Partnership Common Unit"), provided that such Class 2 LTIP Unit has been outstanding for at least two years from the date of grant.

Footnote F3

A holder of Partnership Common Units has the right to require the UDR Partnership to redeem all or a portion of the Partnership Common Units held by the holder in exchange for a cash payment based on the market value of the Company's Common Stock at the time of redemption, as defined in the Partnership Agreement (the "Cash Amount"). However, the UDR Partnership's obligation to pay the Cash Amount is subject the prior right of the Company to acquire such Partnership Common Units in exchange for either the Cash Amount or shares of the Company's Common Stock.

Footnote F4

The Company, as the general partner of the UDR Partnership, may, in its sole discretion, purchase the Partnership Common Units by paying the limited partner either the Cash Amount or the REIT Share Amount (generally one share of the Company's Common Stock for each Partnership Common Unit), as such terms are defined in the Partnership Agreement. The right to convert the Class 2 LTIP Units into Partnership Common Units and the right to receive the Cash Amount or the REIT Share Amount (in the Company's sole discretion) in exchange for Partnership Common Units do not have expiration dates.

Footnote F5

Amount represents the number of vested Class 2 LTIP Units that were converted into Partnership Common Units.

Footnote F6

Amount represents the number of Partnership Common Units acquired upon conversion of the Class 2 LTIP Units.

Footnote F7

Amount represents the number of Partnership Common Units acquired by the Company.

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