UDR, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: UDR · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 74208

Udr, Inc. DEF 14A Filing Summary
FieldDetail
CompanyUdr, Inc. (UDR)
Form TypeDEF 14A
Filed DateApr 4, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$20 Billion, $1 billion, $3 million, $8 billion, $20 billion
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Executive Compensation, Corporate Governance, UDR, Inc.

TL;DR

<b>UDR, Inc. has filed its Definitive Proxy Statement (DEF 14A) on April 4, 2024, detailing corporate governance and executive compensation information for the period ending May 23, 2024.</b>

AI Summary

UDR, Inc. (UDR) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. UDR, Inc. filed a DEF 14A form on April 4, 2024. The filing covers the period ending May 23, 2024. The company's fiscal year ends on December 31st. UDR, Inc. is incorporated in Maryland. The company's business and mailing address is 1745 Shea Center Drive, Suite 200, Highlands Ranch, CO 80129.

Why It Matters

For investors and stakeholders tracking UDR, Inc., this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and make informed voting decisions. The DEF 14A provides insights into the company's governance practices and potential impacts on shareholder value.

Risk Assessment

Risk Level: low — UDR, Inc. shows low risk based on this filing. The filing is a routine proxy statement, indicating no immediate significant financial or operational changes that would elevate risk.

Analyst Insight

Shareholders should review the executive compensation details and any proposed governance changes to inform their voting decisions.

Key Numbers

  • 2024-04-04 — Filing Date (DEF 14A)
  • 2024-05-23 — Period of Report (DEF 14A)
  • 1231 — Fiscal Year End (Company Data)
  • 001-10524 — SEC File Number (Filing Values)

Key Players & Entities

  • UDR, Inc. (company) — Filer
  • DEF 14A (filing) — Form Type
  • 2024-04-04 (date) — Filing Date
  • 2024-05-23 (date) — Period of Report
  • 1745 Shea Center Drive, Suite 200, Highlands Ranch, CO 80129 (address) — Business Address
  • Maryland (location) — State of Incorporation
  • 0000074208 (cik) — Central Index Key
  • 6798 (sic) — Standard Industrial Classification

FAQ

When did UDR, Inc. file this DEF 14A?

UDR, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 4, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by UDR, Inc. (UDR).

Where can I read the original DEF 14A filing from UDR, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by UDR, Inc..

What are the key takeaways from UDR, Inc.'s DEF 14A?

UDR, Inc. filed this DEF 14A on April 4, 2024. Key takeaways: UDR, Inc. filed a DEF 14A form on April 4, 2024.. The filing covers the period ending May 23, 2024.. The company's fiscal year ends on December 31st..

Is UDR, Inc. a risky investment based on this filing?

Based on this DEF 14A, UDR, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement, indicating no immediate significant financial or operational changes that would elevate risk.

What should investors do after reading UDR, Inc.'s DEF 14A?

Shareholders should review the executive compensation details and any proposed governance changes to inform their voting decisions. The overall sentiment from this filing is neutral.

How does UDR, Inc. compare to its industry peers?

UDR, Inc. operates within the Real Estate Investment Trusts (REITs) sector, specifically focusing on residential properties.

Are there regulatory concerns for UDR, Inc.?

As a publicly traded company, UDR, Inc. is subject to SEC regulations governing proxy solicitations and corporate disclosures.

Industry Context

UDR, Inc. operates within the Real Estate Investment Trusts (REITs) sector, specifically focusing on residential properties.

Regulatory Implications

As a publicly traded company, UDR, Inc. is subject to SEC regulations governing proxy solicitations and corporate disclosures.

What Investors Should Do

  1. Review executive compensation packages and any proposed changes.
  2. Analyze proposals related to corporate governance and shareholder rights.
  3. Vote on all matters presented at the upcoming shareholder meeting.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure for public companies regarding their annual shareholder meetings and executive compensation.

Filing Stats: 4,500 words · 18 min read · ~15 pages · Grade level 13.8 · Accepted 2024-04-04 16:20:18

Key Financial Figures

  • $20 Billion — pital allocation. Multifamily REIT ~$20 Billion Enterprise Value (1) ~60,000 Apar
  • $1 billion — pportunistically executed approximately $1 billion of accretive deals through joint ventur
  • $3 million — over our NOI increases by approximately $3 million. Since implementing our Customer Experi
  • $8 billion — oughtfully and accretively grow from an $8 billion enterprise in 2010 to a $20 billion ent
  • $20 billion — m an $8 billion enterprise in 2010 to a $20 billion enterprise today. I am thankful that UD
  • $1.6 billion — tes who worked to generate in excess of $1.6 billion of revenue in 2023. 2024 Proxy Stateme
  • $402 million — Accretively growing the Company through $402 million of wholly owned acquisitions. Formed
  • $507 million — the LaSalle joint venture, contributed $507 million of properties and acquired one property
  • $114 million — roperties and acquired one property for $114 million. Our dividend paid in January 2024 (f
  • $40 million — ease net operating income by as much as $40 million while at the same time enhancing our re
  • $30 million — e year, and we have committed to invest $30 million (including $10 million in early 2024) i
  • $10 million — mitted to invest $30 million (including $10 million in early 2024) in strategic ESG and cli

Filing Documents

Executive Compensation

Executive Compensation 63 Biographical Information of Our Executive Officers 63 Compensation Discussion and Analysis 64

Executive Compensation Tables

Executive Compensation Tables 89 CEO Pay Ratio 97 Equity Compensation Plan Information 103 Proposal No. 3 "For" Ratification of Appointment of Independent Auditor "For" Audit Matters 105 Audit Fees 105 Pre-Approval Policies and Procedures 105 Audit Committee Report 106

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 107 Amount and Nature of Beneficial Ownership 107 Frequently Asked Questions About the Annual Meeting 110 Other Matters 114 Delivery of Voting Materials 114 Annual Report 114 Shareholder Proposals for the 2025 Annual Meeting of Shareholder 114 Advance Notice Procedures for the 2025 Annual Meeting of Shareholders 114 Proxy Access Procedures for the 2025 Annual Meeting of Shareholders 115 Definitions 116 Appendix A: Forward Looking Statements 123 What Is New in this Proxy Statement? Expanded human capital disclosure including new benefit programs and associate communication methods Expanded disclosure regarding our efforts with respect to cybersecurity Added Independence Realty Trust ("IRT") to our apartment peer group for 2024 Expanded disclosure regarding our board overboarding policy Added disclosure regarding actual compensation Additional disclosure regarding shareholder engagement Expanded disclosure regarding our sustainability efforts 2024 Proxy Statement 1 Table of Contents TO MY FELLOW SHAREHOLDERS x I welcome you to join me and the entire Board of Directors at our 2024 Annual Meeting of Shareholders, which will be held at 10:00am local time in Denver, CO, May 23, 2024, at the Four Seasons Hotel. Thomas W. Toomey Chairman and Chief Executive Officer To My Fellow Shareholders: Over the course of my 23 years at UDR, Inc. ("UDR" or the "Company") and more than 30 years in the multifamily industry, I have seen firsthand the evolution of our business and how we communicate with stakeholders. Given the hundreds of investor interactions we conduct and the multitude of documents we publish annually which inform UDR's stakeholders on our strategy and results in detail, this letter, which was once a primary communication vehicle, now seems more akin to a reflective piece. As such, I am using this platform to comment on the year that was, refle

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