UDR (NYSE: UDR) legal chief reports 12,330-share grant, tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UDR, Inc.'s SVP and Chief Legal Officer Keith Benson reported equity compensation activity in company common stock. On February 12, 2026, he acquired 12,330 shares of common stock at $0.0000 per share as a grant or award, bringing his direct holdings to that level.
On the same date, 2,845 shares were disposed of at $38.17 per share to satisfy tax withholding obligations upon the vesting of restricted stock, leaving Benson with 9,485 shares of UDR common stock held directly. The tax-related disposition is described as exempt under Rule 16b-3(e).
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BENSON KEITH
Role
SVP-Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,330 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,845 | $38.17 | $109K |
Holdings After Transaction:
Common Stock — 12,330 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did UDR (UDR) disclose for Keith Benson?
UDR disclosed that SVP-Chief Legal Officer Keith Benson received a grant of 12,330 shares of common stock on February 12, 2026. On the same day, 2,845 shares were withheld and disposed of to cover tax obligations tied to vesting restricted stock.
Was Keith Benson’s UDR (UDR) Form 4 transaction an open-market sale?
No, the filing characterizes the 2,845-share transaction as a tax-withholding disposition, not a discretionary open-market sale. Shares were withheld upon restricted stock vesting to cover tax obligations, and the transaction is identified as exempt under Rule 16b-3(e).
What role does Keith Benson hold at UDR (UDR) in this insider filing?
Keith Benson is identified as an officer of UDR, serving as SVP-Chief Legal Officer. The Form 4 indicates he is not a director and not a 10% owner, and that he reports the equity grant and related tax-withholding share disposition as a single reporting person.