Sundar PichaiSundar Pichai earned $164M in 2023

David L. Messenger, born in 1970, is a finance professional with a notable career in real estate investment trusts (REITs). He joined UDR, Inc. in 2002 as Vice President and Controller and quickly climbed the ranks to become the Chief...

Quick Links
U

David L. Messenger

Ex-CEO of UDR

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1970 - 55 years ago

CEO of UDR for

3 years 11 months (Jun 2008 - May 2012)

Previous Experience

Joined UDR in August 2002 as Vice President and Controller, promoted to Senior Vice President

Holdings

See how much did David L. Messenger make over time.

David L. Messenger was active in stock trading during and after his tenure at UDR. He regularly transacted large sums, initiating notable sales around $2 million monthly in the early 2020s. These transactions indicate a strong belief in the company's...

Mar 18, 2025

Total Stock Sold

$1.39M

UDR

$1.39M

52,836 UDR shares

What if they kept their stock?

If David L. Messenger didn't sell their stock, today they would have:
Extra UDR52,836 shares worth $2.17M.
This is 55.8% and $778.13K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of David L. Messenger.

UDR

3,030 shares

UDR

May 31, 2012

Received

UDR

$936.40K

UDR at $26.75/share

May 15, 2012

Sale

UDR

$17.93K

UDR at $26.06/share

Apr 30, 2012

Received

UDR

$385.04K

UDR at $26.01/share

Mar 14, 2012

Sale

UDR

$17.39K

UDR at $24.63/share

Jan 31, 2012

Received

UDR

$16.02K

UDR at $23.05/share

Oct 31, 2011

Received

UDR

$15.90K

UDR at $24.84/share

Aug 1, 2011

Received

UDR

$14.59K

UDR at $23.80/share

May 2, 2011

Received

UDR

$14.47K

UDR at $23.04/share

Jan 31, 2011

Received

Compensation History

See how much did David L. Messenger make over time.

David L. Messenger's compensation at UDR varies significantly over the years. In 2011, his total compensation reached $720,045, including a $300,000 salary and a $400,000 bonus based on individual performance metrics. The previous year, in 2010, his total compensation peaked at $1.9 million, reflecting a major stock award worth $1.2 million. This stock was part of a three-year long-term incentive program designed to drive performance and align his interests with the company's success. However, his bonuses decreased after he left UDR, demonstrating how performance and tenure impact executive pay. Overall, his compensation structure at UDR reflects a blend of base salary and performance-based incentives typical for executives in large REITs.

Year

2012

Total Compensation

$2.58M

Salary

$125.00K

Board Justification

The compensation philosophy aims to attract and retain executive talent while aligning the interests of executive officers with those of stockholders through market competitive compensation tied to performance.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2012 as Mr. Messenger resigned effective May 31, 2012.

Other

$17.08K

Board Justification

Includes $12,077 for Company paid health insurance and $5,000 for Company paid life insurance and disability insurance.

Restricted Stock

$2.43M(76.19K restricted stock)

Board Justification

76,190 shares of restricted stock vested in 2012 under the 2010-2012 Long-Term Incentive Program upon meeting specified performance targets.

Performance Metrics

The performance metrics for 2012 included funds from operations, same-store net operating income, and net financial capabilities.