---
schema_version: "secwatch.filing_event.v1"
accession: "0000074208-23-000073"
form_type: "8-K"
ticker: "UDR"
cik: "0000074208"
company_name: "UDR, Inc."
filed_at: "2023-11-28T23:59:59+00:00"
generated_at: "2026-06-07T21:15:55.540606+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# CEO Toomey forfeits $7M performance equity award; Board plans new employment agreement

## Summary
- Thomas W. Toomey voluntarily forfeited Class 2 Performance LTIP Units worth $7M granted in Dec 2021.
- Award was performance-based with absolute stock price hurdles; hurdles not achieved.
- Board determined award no longer served long-term stockholder value creation objective.
- Board expects to enter into a mutually agreed employment agreement with Toomey in Q1 2024.
- No replacement supplemental equity award is planned by the Board.

## SEC filing metadata
- accession: 0000074208-23-000073
- form_type: 8-K
- ticker: UDR
- cik: 0000074208
- company_name: UDR, Inc.
- filed_at: 2023-11-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/74208/000007420823000073/0000074208-23-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74208/000007420823000073/udr-20231128x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074208-23-000073
- JSON: https://secwatch.observer/filing/0000074208-23-000073.json
- Plain text: https://secwatch.observer/filing/0000074208-23-000073.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.