UDR CEO sells 80,000 shares in open market
UDR, Inc. Chairman, President and CEO Thomas W. Toomey sold 80,000 shares of common stock in an open-market transaction at a weighted average price of $39.2501 per share.
Rhea-AI Filing Summary
UDR, Inc. Chairman, President and CEO Thomas W. Toomey sold 80,000 shares of common stock in an open-market transaction at a weighted average price of $39.2501 per share. According to the filing, he now directly owns 810,455 UDR shares following this sale.
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Insights
CEO executes a moderate open-market share sale while retaining a substantial position.
UDR, Inc.'s Chairman, President and CEO Thomas W. Toomey conducted an open-market sale of 80,000 common shares at a weighted average price of $39.2501. The footnote notes multiple trades within a price range of $38.9701 to $39.41.
After the transaction, Toomey directly holds 810,455 shares, indicating he maintains a sizable equity stake. With no derivative positions listed in this filing, the visible exposure is entirely in common stock. The event appears as a routine liquidity transaction rather than a transformational change.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 80,000 | $39.2501 | $3.14M |
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.9701 to $39.41, inclusive. The reporting person undertakes to provide to UDR, Inc.,any security holder of UDR, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Key Figures
Key Terms
weighted average price financial
open-market sale financial
beneficial ownership financial
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