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UDR Inc Executive Compensation (FY25)

UDR · Highlands Ranch, CO · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Thomas Toomey
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 27, 2026
17 filings cited on this page
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300 figures on this page: 289 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on UDR Inc

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Thomas Toomey: $10,178,473 → $9,933,438 (2.4% lower)
Say-on-pay support: 93.4% → 68.7% (24.7 points lower)
CEO pay ratio: 119:1 → 115:1 (3.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is UDR Inc's chief executive and what were they paid?
Thomas Toomey was paid $9,933,438 in total compensation as Chairman, President and Chief Executive Officer for fiscal 2025. Toomey's total was 2.4% lower than the $10,178,473 reported for fiscal 2024.
What was UDR Inc's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 68.7% of votes cast for or against in favor at the meeting held May 21, 2026.
Which companies are in UDR Inc's peer group?
Companies named in the disclosed peer group include American Homes 4 Rent, AvalonBay Communities Inc., BXP, Inc., Camden Property Trust and CubeSmart, among others.
What is UDR Inc's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 115:1, against median employee compensation of $86,140.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Fisher
President Chief Financial Officer and Chief Investment Officer
◇—◇———◇◇
Thomas Toomey
Chairman, President, and Chief Executive Officer
◇—◇———◇◇
Harry Alcock
Chief Investment Officer
◇—◇—◇—◇◇
Michael Lacy
Senior Vice President - Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Toomey
Chairman, President, and Chief Executive Officer
◇—◇———◇◇
Joseph Fisher
President Chief Financial Officer and Chief Investment Officer
◇—◇———◇◇
Harry Alcock
Chief Investment Officer
◇—◇—◇—◇◇
Michael Lacy
Senior Vice President - Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Toomey
Chairman, President, and Chief Executive Officer
◇—◇———◇◇
Harry Alcock
Chief Investment Officer
◇—◇—◇—◇◇
Joseph Fisher
President Chief Financial Officer and Chief Investment Officer
◇—◇———◇◇
Michael Lacy
Senior Vice President - Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Toomey
Chairman, President and Chief Executive Officer
◇—◇———◇◇
Joseph Fisher
Former President, Chief Financial Officer, and Chief Investment Officer
Departed during or after this year
◇—◇———◇◇
David Bragg
Senior Vice President – Chief Financial Officer
◇◇◇—◇—◇◇
Michael Lacy
Senior Vice President – Chief Operating Officer
◇—◇—◇—◇◇
Keith Benson
Senior Vice President – Chief Legal Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David D. BraggPSU◇◇◇—◇—◇
David D. BraggRSU◇——◇——◇
Joseph D. FisherPSU◇◇◇—◇—◇
Joseph D. FisherPSU◇◇◇—◇—◇
Keith BensonPSU◇◇◇—◇—◇
Michael D. LacyPSU◇◇◇—◇—◇
Michael D. LacyPSU◇◇◇—◇—◇
Thomas W. ToomeyPSU◇◇◇—◇—◇
Thomas W. ToomeyPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
W. ToomeyPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
D. LacyPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
D. BraggPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Keith BensonPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Joseph Fisher
Former President, Chief Financial Officer, and Chief Investment Officer · Severance agreement · citing a 2026 filing
Equity acceleration on change in control◇
Excise tax treatment◇
Michael Lacy
Senior Vice President – Chief Operating Officer · Severance agreement · citing a 2026 filing
Equity acceleration on change in control◇
Excise tax treatment◇
Thomas Toomey
Chairman, President and Chief Executive Officer · Severance agreement · citing a 2026 filing
Equity acceleration on change in control◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James D. Klingbeil
◇◇———◇◇
Jon A. Grove
Lead independent director
◇◇———◇◇
Robert A. McNamara
◇◇———◇◇
Katherine A. Cattanach
◇◇◇——◇◇
Diane M. Morefield
◇◇———◇◇
Clint D. McDonnough
◇◇———◇◇
Mark R. Patterson
◇◇———◇◇
Mary Ann King
◇◇———◇◇
Kevin C. Nickelberry
◇◇———◇◇
Richard B. Clark
◇◇———◇◇
Ellen M. Goitia and Thomas W. Toomey served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Multiple.
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Homes 4 Rent AMH
  • AvalonBay Communities Inc. AVB
  • BXP, Inc. BXP
  • Camden Property Trust CPT
  • CubeSmart CUBE
  • Equity Residential EQR
  • Essex Property Trust, Inc. ESS
  • Extra Space Storage EXR
  • Healthpeak Properties, Inc. DOC
  • Host Hotels & Resorts, Inc. HST
  • Invitation Homes Inc. INVH
  • Kimco Realty Corporation KIM
  • Mid-America Apartment Communities, Inc. MAA
  • Regency Centers Corporation REG
  • Sun Communities, Inc. SUI

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022June 1, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 27, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 24, 2018=◇◇◇
2016May 11, 2017=◇◇◇
2015May 12, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Thomas Toomey (Chairman, President and Chief Executive Officer), FY2025 total compensation $9,933,438 (base salary $900,000) [exec_comp, SEC accession 0000074208-26-000037, filed 2026-04-02]

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What this page does not include

Everything above is a fact UDR Inc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where UDR Inc sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Say-on-pay responsiveness
UDR Inc recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
300 figures on this page: 289 cited to the filing that reported them, 11 calculated from figures it prints.
289 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000074208-26-000060
  2. 0000074208-26-000037
    Compensation of Directors · Director Compensation Table · Grants of Plan-Based Awards · Grants of Plan-Based Awards Table · and 2 more sections
  3. 000007420826000037
    CEO Pay Ratio
  4. 0000074208-25-000042
  5. 0000074208-25-000024
    Executive Compensation Tables · Summary Compensation Table
  6. 0000074208-24-000050
  7. 0000074208-24-000029
    Executive Compensation Tables · Summary Compensation Table
  8. 0000074208-23-000050
  9. 0000074208-23-000032
    Summary Compensation Table
  10. 0000074208-22-000042
  11. 0000074208-21-000062
  12. 0000074208-20-000063
  13. 0000074208-19-000051
  14. 0000074208-18-000054
  15. 0000074208-17-000057
  16. 0000074208-16-000181
  17. 0000074208-26-000013
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “UDR Inc executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/UDR (accessed 2026).
Short form: data: Velarion

The paid brief for UDR Inc

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
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17 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers UDR Inc discloses

The companies named in UDR's own disclosed peer group.

American Homes 4 RentAvalonBay Communities Inc.BXP, Inc.Camden Property TrustCubeSmartEquity ResidentialEssex Property Trust, Inc.Extra Space StorageHealthpeak Properties, Inc.Host Hotels & Resorts, Inc.Invitation Homes Inc.Kimco Realty CorporationMid-America Apartment Communities, Inc.Regency Centers CorporationSun Communities, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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