---
schema_version: "secwatch.filing_event.v1"
accession: "0000074208-24-000014"
form_type: "8-K"
ticker: "UDR"
cik: "0000074208"
company_name: "UDR, Inc."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:34:26.322087+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# UDR enters new 5-year Executive Agreement with CEO Toomey; base $900K, bonus target $2.1M, LTI target $7M

## Summary
- Base salary of $900,000, subject to annual review and potential increase by Compensation Committee.
- Target annual bonus set at $2,100,000, with actual amount based on personal and company performance goals.
- Target long-term incentive award of $7,000,000, also performance-based; part of annual grant process.
- Agreement has a five-year term through February 2029 unless earlier terminated.
- Severance on termination without cause or for good reason: 3x (base salary + target bonus), plus pro-rata bonus and continued health benefits until age 75.

## SEC filing metadata
- accession: 0000074208-24-000014
- form_type: 8-K
- ticker: UDR
- cik: 0000074208
- company_name: UDR, Inc.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/74208/000007420824000014/0000074208-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74208/000007420824000014/udr-20240215x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074208-24-000014
- JSON: https://secwatch.observer/filing/0000074208-24-000014.json
- Plain text: https://secwatch.observer/filing/0000074208-24-000014.txt

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