In 2021, Thomas W. Toomey earned $14.23M in total compensation at UDR, including $800.00K salary and $13.38M in stock. Most recently sold 180,000 shares in Jun 2024. Currently holds stock worth $29.05M. Has donated $12.27M in stock to charitable causes. Led UDR as CEO for 18 years.
Compensation History
Annual executive compensation data for Thomas W. Toomey, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$14.23M
Salary
$800.00K
Bonus
$0.00
Other
$43.72K
Salary
$800.00KBoard Justification
The compensation philosophy is designed to attract, retain, and motivate effective executive officers while aligning their interests with those of the Company and its shareholders, focusing on performance-based incentives tied to both short-term and long-term goals.
Bonus
$0.00Board Justification
No bonus was awarded in 2021.
Other Compensation
$43.72KBoard Justification
Other compensation includes health insurance, life insurance, 401(k) matching contributions, and rent discounts.
Restricted Stock
Board Justification
The stock awards include Class 2 Performance LTIP Units awarded under the Company’s short-term and long-term incentive programs, with a maximum value of $13,384,611 based on grant date fair value.
Performance Metrics
The performance metrics for 2021 included FFO as Adjusted per share, transaction volume, and other key strategic objectives.
Thomas W. Toomey
Ex-CEO of UDR
Education
Bachelor's degree in Business Administration from the University of Florida
Field of Expertise
Real Estate & Construction - Real Estate
Sector of Economy
Real Estate
Born
January 1, 1961 - 64 years ago
CEO of UDR for
18 years 11 months (Jan 2003 - Dec 2021)
Previous Experience
President and CEO of UDR, Inc. since 2003; various roles at UDR since 1994.
Other UDR CEOs
Holdings
Track Thomas W. Toomey's stock holdings and portfolio value over time.
Total Stock Sold
$57.05M
$57.05M
1,568,000 UDR shares
What if they kept their stock?
If Thomas W. Toomey didn't sell their stock, today they would have:
Extra UDR1,568,000 shares worth $55.19M.
This is -3.26% and $1.86M less than what they got when they sold the stock.
Charitable Transactions
348,710 shares
UDR
Recent Charitable Transactions
32,510 shares
UDR
Dec 31, 2021
Charity
6,500 shares
UDR
Dec 31, 2021
Charity
7,500 shares
UDR
Dec 31, 2020
Charity
111,600 shares
UDR
Dec 31, 2019
Charity
14,000 shares
UDR
Dec 31, 2018
Charity
13,000 shares
UDR
Dec 31, 2017
Charity
Insider Trading
Thomas W. Toomey's recent stock transactions, purchases, and sales filed with the SEC.
$7.11M
UDR at $39.52/share
Jun 7, 2024
Sale
$1.71M
UDR at $37.90/share
Dec 26, 2023
Sale
$808.78K
UDR at $40.44/share
Nov 23, 2022
Sale
$1.63M
UDR at $54.45/share
Sep 23, 2021
Sale
32,510 shares
UDR
Dec 31, 2021
Charity
$3.34M
UDR at $55.71/share
Jul 30, 2021
Sale
$3.00M
UDR at $49.98/share
Jun 14, 2021
Sale
6,500 shares
UDR
Dec 31, 2021
Charity
$444.01K
UDR at $44.40/share
Apr 7, 2021
Sale
$1.80M
UDR at $45.04/share
Mar 16, 2021
Sale
Rivals
Compare Thomas W. Toomey with competitor CEOs and industry peers.
Scott F. Schaeffer
CEO of Independence Realty Trust
2022 Compensation
Stock
$0.00
Salary
$700.00K
Bonus
$437.50K
Other
$12.20K
Total Holdings
$25.20M
Dallas B. Tanner
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2023 Compensation
Stock
$6.94M
Salary
$1.00M
Bonus
$1.89M
Other
$11.39K
Total Holdings
$98.97M
D. Keith Oden
CEO of Camden Property Trust
2022 Compensation
Stock
$0.00
Salary
$700.00K
Bonus
$3.81M
Other
$3.00K
Total Holdings
$60.84M
Richard J. Campo
CEO of Camden Property Trust
2022 Compensation
Stock
$0.00
Salary
$700.00K
Bonus
$3.82M
Other
$3.00K
Total Holdings
$35.11M
Angela L. Kleiman
CEO of Essex Property Trust
2023 Compensation
Stock
$1.10M
Salary
$862.50K
Bonus
$2.17M
Other
$47.82K
Total Holdings
$6.92M
Timothy J. Naughton
CEO of AvalonBay Communities
2023 Compensation
Stock
$0.00
Salary
$0.00
Bonus
$0.00
Other
$560.45K
Total Holdings
$164.97K