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...

Number of Employees

1.41K

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.

SEC Filing

From April 4, 2024

Jerry A. Davis

CEO of UDR

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Education

Bachelor's degree in Accounting from the University of Colorado

Field of Expertise

Business & Management

Born

January 1, 1965 - 60 years ago

Is Founder?

No

Current Tenure

6 years 0 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