January 2, 2026 · Form 4 insider transaction
Hofmeister Tracy L bought 21,804 shares of UDR, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Represents Class 1 LTIP Units in the UDR Partnership.; Subject to the conditions set forth in the Partnership Agreement and subject to the vesting conditions specified with respect to each Class 1 LTIP Unit, each Class 1 LTIP Unit may be converted, at the election of the holder, into a Partnership Common Unit, provided that such Class 1 LTIP Unit has been outstanding for at least two years from the date of grant.; A holder of Partnership Common Units has the right to require the UDR Partnership to redeem all or a portion of the Partnership Common Units held by the holder in exchange for the Cash Amount . However, the UDR Partnership's obligation to pay the Cash Amount is subject the prior right of the Company to acquire such Partnership Common Units in exchange for either the Cash Amount or shares of the Company's Common Stock.; The Company, as the general partner of the UDR Partnership, may, in its sole discretion, purchase the Partnership Common Units by paying the limited partner either the Cash Amount or the REIT Share Amount (generally one share of the Company's Common Stock for each Partnership Common Unit), as such terms are defined in the Partnership Agreement. The right to convert the Class 1 LTIP Units into Partnership Common Units and the right to receive the Cash Amount or the REIT Share Amount (in the Company's sole discretion) in exchange for Partnership Common Units do not have expiration dates.; The Class 1 LTIP Units shall vest as follows: 1/4 of the Class 1 LTIP Units shall vest on January 2, 2027; 1/4 of the Class 1 LTIP Units shall vest on January 1, 2028; 1/4 of the Class 1 LTIP Units shall vest on January 1, 2029 and the remaining 1/4 of the Class 1 LTIP Units shall vest on January 1, 2030.