UDR SVP Keith Benson Receives Restricted Stock Award

What Happened
Keith Benson, SVP and Chief Legal Officer of UDR, was granted 12,330 restricted shares on 2026-02-12 (acquired at $0.00). To satisfy tax withholding on the vesting, 2,845 of those shares were withheld (disposed) at a reported value of $38.17 per share, totaling $108,594.

Key Details

• Transaction date: 2026-02-12; Form 4 filed 2026-02-17 (timely filing given the holiday calendar).
• Grant: 12,330 shares granted (acquisition code A) at $0.00 (restricted stock award).
• Tax withholding: 2,845 shares withheld (disposition code F) at $38.17 per share = $108,594.
• Shares owned after transaction: Not specified in the provided Form 4.
• Footnote: Withheld shares represent tax withholding on vested restricted stock and the deemed disposition is exempt under Rule 16b-3(e) (routine withholding).

Context
This was a restricted stock award with routine tax-withholding — not an open-market sale or purchase. Tax-withholding disposals are common and do not necessarily signal insider sentiment about the company.