secwatch.observer — SEC 8-K summary
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Issuer:     UDR, Inc. (UDR)
CIK:        0000074208
Form:       8-K
Filed at:   2022-05-23T23:59:59+00:00
Accession:  0000074208-22-000039
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UDR appoints Joe Fisher as President and CFO; grants $5M performance-based equity award
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- Joseph D. Fisher, 42, promoted to President and CFO effective May 19, 2022; previously SVP and CFO since Jan 2017.
- Awarded $5M in Class 2 Performance LTIP Units; shares earned only if stock price reaches $60-$75 hurdles.
- Performance measured over 5-year period starting May 19, 2023; units vest on sixth anniversary if hurdles met.
- Award represents less than 0.1% of shares outstanding; requires significant stock price appreciation for payout.
- As President, Fisher takes on additional responsibilities in innovation, ESG oversight, and human capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74208/000007420822000039/0000074208-22-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74208/000007420822000039/udr-20220519x8k.htm
  HTML page:      https://secwatch.observer/filing/0000074208-22-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer