Jerry A. Davis is the President and CEO of UDR, Inc., a well-respected company in the real estate investment trust sector. He has a solid background in operations, having spent significant time with the company since he joined in 1989 as a Controller. His journey at UDR has seen him rise through various roles, including Senior Vice President and Chief Operating Officer before taking the top position in 2019. With a Bachelor's degree in Accounting from the University of Colorado, Davis leverages his financial expertise in guiding UDR's strategy and growth. Under his leadership, UDR has focused on performance-based metrics, maximizing revenue growth and operational efficiency. In 2023, his total compensation reached approximately $11.2 million, primarily due to vested stock awards, which showcases his alignment with shareholder interests. One notable moment in his tenure includes overseeing a significant increase in stock vesting during 2022, with $7.2 million in stock awards reflecting the company's strong performance in the market.

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Jerry A. Davis

CEO of UDR

Education

Bachelor's degree in Accounting from the University of Colorado

Field of Expertise

Business & Management

Sector of Economy

Real Estate

Born

January 1, 1965 - 60 years ago

CEO of UDR for

6 years 3 months (Jan 2019 - Present)

Previous Experience

Joined UDR in March 1989 as Controller, served as Chief Operating Officer of JH Management Co., rejoined UDR in August 2002 as operations analyst

Rivals

Competitors/colleagues of Jerry A. Davis

Scott F. Schaeffer

CEO of Independence Realty Trust

2022 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$437.50K

Other

$12.20K

Total Holdings

$17.13M

Dallas B. Tanner

Founder and CEO of Invitation Homes

2023 Compensation

Stock

$6.94M

Salary

$1.00M

Bonus

$1.89M

Other

$11.39K

Total Holdings

$23.85M

D. Keith Oden

CEO of Camden Property Trust

2022 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$3.81M

Other

$3.00K

Total Holdings

$61.19M

Richard J. Campo

CEO of Camden Property Trust

2022 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$3.82M

Other

$3.00K

Total Holdings

$36.67M

Angela L. Kleiman

CEO of Essex Property Trust

2023 Compensation

Stock

$1.10M

Salary

$862.50K

Bonus

$2.17M

Other

$47.82K

Total Holdings

$7.69M

Timothy J. Naughton

CEO of AvalonBay Communities

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$560.45K

Total Holdings

$36.54M

Holdings

See how much did Jerry A. Davis make over time.

Jerry A. Davis has shown a clear commitment to UDR through his shareholdings. In 2019, he had significant wealth tied up in his stock holdings, with values exceeding $9 million. This amount reflected his stake aligned with company performance, underscoring his investment in UDR's success. Fluctuations have been notable; there were moments in early 2022 when his holdings peaked at around $9 million before gradually decreasing to about $6 million by mid-2023. This variance indicates responsiveness to market conditions and performance metrics, which are crucial for a CEO in a REIT. Davis’s holdings directly connect his financial interests with the company’s trajectory, showcasing his alignment with shareholders' values.

Total Stock Sold

$8.05M

UDR

$8.05M

190,465 UDR shares

What if they kept their stock?

If Jerry A. Davis didn't sell their stock, today they would have:
Extra UDR190,465 shares worth $6.81M.
This is -15.41% and $1.24M less than what they got when they sold the stock.

Charitable Transactions

UDR

22,500.412 shares

UDR

Recent Charitable Transactions

UDR

10,000.412 shares

UDR

Dec 31, 2021

Charity

UDR

12,500 shares

UDR

Dec 31, 2018

Charity

Insider Trading

See recent insider trades of Jerry A. Davis.

UDR

$543.30K

UDR at $54.33/share

Sep 1, 2021

Sale

UDR

$1.11M

UDR at $55.45/share

Aug 2, 2021

Sale

UDR

$1.09M

UDR at $54.48/share

Jul 23, 2021

Sale

UDR

10,000.412 shares

UDR

Dec 31, 2021

Charity

UDR

$400.00K

UDR at $40.00/share

Apr 9, 2020

Sale

UDR

$450.02K

UDR at $48.63/share

Feb 6, 2020

Received

UDR

$467.20K

UDR at $46.72/share

Jan 2, 2020

Sale

UDR

$483.80K

UDR at $48.38/share

Oct 1, 2019

Sale

UDR

$452.10K

UDR at $45.21/share

Jul 1, 2019

Sale

UDR

$453.90K

UDR at $45.39/share

Apr 1, 2019

Sale

Compensation History

See how much did Jerry A. Davis make over time.

In 2023, Jerry A. Davis' total compensation was approximately $11.2 million, marking a significant rise from earlier years. His salary sat at $950,000, with no cash bonus due to unmet performance metrics. However, the bulk of his pay came from 398,962 shares of stock vesting, valued at about $9.1 million. This performance-based structure is interesting because it ties his earnings closely to UDR’s operational success. The lack of bonuses in 2023 contrasts sharply with his past years when compensation was driven by performance improvements, showing both the challenges and pressures of leading a public company in fluctuating markets. His compensation reflects a philosophy aimed at attracting top talent while keeping a direct connection between executive rewards and company performance.

Year

2023

Total Compensation

$10.28M

Salary

$950.00K

Board Justification

The compensation philosophy is designed to attract and retain top executive talent while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$0.00

Board Justification

No cash bonus was awarded for 2023 as the performance metrics were not met.

Other

$199.43K

Board Justification

Other compensation includes $199,430 for aircraft lease payments as per the executive agreement.

Restricted Stock

$9.13M(398.96K common stock)

Board Justification

398,962 shares of stock vested in 2023, reflecting the performance-based vesting criteria being met for the fiscal year.

Performance Metrics

The performance metrics for 2023 included financial targets related to revenue growth and operational efficiency.

Other UDR CEOs

Here are other CEOs of UDR

David L. Messenger

Ex-CEO of UDR

June 2008 - May 2012