UDR awards investment chief 111,328 incentive units

The units vest over five years beginning November 3, 2027, and conversion is subject to partnership-agreement and vesting conditions.

Available on EDGAR 11/05/2026 - 06:36 PM EST Accepted by SEC EDGAR 11/05/2026 - 06:36 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

UDR, Inc. EVP-Chief Investment Officer Scott Andrew McCallum received a direct award of 111,328 Class 1 LTIP Units on November 3, 2026. The units vest ratably over five years beginning November 3, 2027.

After each unit has been outstanding for at least two years, it may be converted at the holder’s election into a UDR Partnership common unit, subject to the partnership agreement and vesting conditions. UDR Partnership common units may be exchanged for a cash payment based on UDR, Inc. common stock’s market value or, at the company’s discretion, cash or generally one common share per unit.

Insider Trade Summary

Grant/Award: 111,328 shares

Grant/Award 1 txn

Insider McCallum Scott Andrew

Role EVP-Chief Investment Officer

Type	Security	Shares	Price	Value
Grant/Award	Class 1 LTIP Units F1, F2, F3, F4, F5	111,328	$0.00	$0.00

Holdings After Transaction: Class 1 LTIP Units — 111,328 contracts (Direct)

Footnotes (5)

1. F1. Represents Class 1 LTIP Units in United Dominion Realty, L.P., a Delaware limited partnership (the "UDR Partnership"). UDR, Inc. (the "Company") is the parent company and sole general partner of the UDR Partnership.
2. F2. Subject to the conditions set forth in the Amended and Restated Agreement of Limited Partnership of the UDR Partnership (the "Partnership Agreement") and subject to the vesting conditions specified with respect to each Class 1 LTIP Unit (as described in footnote 5 below), each Class 1 LTIP Unit may be converted, at the election of the holder, into a unit of limited partnership of the UDR Partnership (a "Partnership Common Unit"), provided that such Class 1 LTIP Unit has been outstanding for at least two years from the date of grant.
3. F3. 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 a cash payment based on the market value of the Company's Common Stock at the time of redemption, as defined in the Partnership Agreement (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.
4. F4. 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.
5. F5. The Class 1 LTIP Units shall vest ratably over a period of five years beginning November 3, 2027.

Key Figures

Class 1 LTIP Units awarded: 111,328 units Direct Class 1 LTIP Units following award: 111,328 units Vesting period: 5 years +1 more

4 metrics

Class 1 LTIP Units awarded 111,328 units November 3, 2026

Direct Class 1 LTIP Units following award 111,328 units Reported position after the award

Vesting period 5 years Vesting begins November 3, 2027

Minimum time outstanding before conversion At least 2 years Class 1 LTIP Units

Key Terms

Class 1 LTIP Units, Partnership Common Unit, Cash Amount, REIT Share Amount

4 terms

Class 1 LTIP Units financial

"Represents Class 1 LTIP Units in United Dominion Realty, L.P."

Partnership Common Unit financial

"into a unit of limited partnership of the UDR Partnership (a "Partnership Common Unit")"

Cash Amount financial

"in exchange for a cash payment based on the market value"

REIT Share Amount financial

"either the Cash Amount or the REIT Share Amount"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many LTIP Units did UDR's chief investment officer receive?

Scott Andrew McCallum, UDR, Inc.'s EVP-Chief Investment Officer, was awarded 111,328 Class 1 LTIP Units on November 3, 2026; the reported direct position following the award was 111,328 units.

When can UDR Class 1 LTIP Units be converted?

Each unit may be converted at the holder's election into a UDR Partnership common unit only after it has been outstanding for at least two years, subject to the partnership agreement and the unit's vesting conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McCallum Scott Andrew

(Last) (First) (Middle)

C/O UDR, INC.

1745 SHEA CENTER, SUITE 200

(Street)

HIGHLANDS RANCH COLORADO 80129

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UDR, Inc. [ UDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP-Chief Investment Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class 1 LTIP Units(1)	(2)(3)(4)	11/03/2026		A		111,328(5)		(2)(3)(4)(5)	(4)	Common Stock(2)(3)(4)(5)	111,328	$0.0000	111,328	D

Explanation of Responses:

1. Represents Class 1 LTIP Units in United Dominion Realty, L.P., a Delaware limited partnership (the "UDR Partnership"). UDR, Inc. (the "Company") is the parent company and sole general partner of the UDR Partnership.

2. Subject to the conditions set forth in the Amended and Restated Agreement of Limited Partnership of the UDR Partnership (the "Partnership Agreement") and subject to the vesting conditions specified with respect to each Class 1 LTIP Unit (as described in footnote 5 below), each Class 1 LTIP Unit may be converted, at the election of the holder, into a unit of limited partnership of the UDR Partnership (a "Partnership Common Unit"), provided that such Class 1 LTIP Unit has been outstanding for at least two years from the date of grant.

3. 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 a cash payment based on the market value of the Company's Common Stock at the time of redemption, as defined in the Partnership Agreement (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.

4. 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.

5. The Class 1 LTIP Units shall vest ratably over a period of five years beginning November 3, 2027.

	Scott A. McCallum	11/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)