UDR President & CIO Joe Fisher resigns; CEO Tom Toomey appointed President

UDR, Inc.

Fisher resigned effective Sept 2, 2025; will provide transition assistance through Dec 31, 2025.
Entitled to $3M severance plus up to $3M contingent severance over 12 months subject to compliance.
Tom Toomey, Chairman & CEO, appointed as President; assumes Fisher's duties with senior management.
Continued health insurance through Sept 30, 2030; non-solicitation covenant through Sept 1, 2026.
Fisher served as President since 2022 and CIO since Jan 2025; previously CFO since 2017.

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