UDR (UDR) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
UDR, Inc. has secured the leadership of Chairman and CEO Thomas W. Toomey with a new Executive Agreement, after recognizing his valuable role and prior voluntary forfeiture of a supplemental equity award. The deal guarantees a substantial compensation package, including a $900,000 base salary, potential annual bonuses of $2.1 million, and long-term incentives up to $7 million, all subject to performance goals. Additionally, Toomey gets severance benefits under certain termination conditions, and the agreement includes standard non-compete and confidentiality clauses. This strategic move aims to retain Toomey’s expertise and steer the company toward continued success in the competitive market.
For further insights into UDR stock, check out TipRanks’ Stock Analysis page.