AI English summary of an SEC filing — figures as filed
UDR UDRThe company said its board approved the appointment of David D. Bragg as Senior Vice President - Chief Financial Officer and principal financial officer. The appointment takes effect on July 24, 2025, his expected start date.
Key points
AI summaryThe company said its board approved the appointment of David D. Bragg as Senior Vice President - Chief Financial Officer and principal financial officer. The appointment takes effect on July 24, 2025, his expected start date.
The company said Joseph D. Fisher will relinquish his Chief Financial Officer and principal financial officer roles when Mr. Bragg's appointment takes effect, and will retain his roles as President and Chief Investment Officer. The company's Chief Executive Officer said Fisher served as CFO for 9 years.
The company set out Bragg's initial pay package: an annual base salary of $500,000, an annual cash bonus target of $750,000, and a long-term incentive target value of $1,000,000. He will also receive a cash signing bonus of $200,000 and a signing equity award of common stock or LTIP Units valued at $2,000,000, which will vest ratably over five years beginning on the 1st anniversary of the grant date.
The company said Bragg is 45 years old and served as Executive Vice President, Chief Financial Officer of Roots Management Group from March 2024 to June 2025. He served as Managing Director, Co-Head of Strategic Research at Green Street from July 2017 to November 2022.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
David D. Bragg Named Chief Financial Officer
The company said its board approved the appointment of David D. Bragg as Senior Vice President - Chief Financial Officer and principal financial officer. The appointment takes effect on July 24, 2025, his expected start date.
Source · Based on the filing body and exhibits
Joseph D. Fisher Hands Over CFO Role
The company said Joseph D. Fisher will relinquish his Chief Financial Officer and principal financial officer roles when Mr. Bragg's appointment takes effect, and will retain his roles as President and Chief Investment Officer. The company's Chief Executive Officer said Fisher served as CFO for 9 years.
Source · Based on the filing body and exhibits
Bragg's Pay Package and Signing Compensation
The company set out Bragg's initial pay package: an annual base salary of $500,000, an annual cash bonus target of $750,000, and a long-term incentive target value of $1,000,000. He will also receive a cash signing bonus of $200,000 and a signing equity award of common stock or LTIP Units valued at $2,000,000, which will vest ratably over five years beginning on the 1st anniversary of the grant date.
Source · Based on the filing body and exhibits
Bragg's Career
The company said Bragg is 45 years old and served as Executive Vice President, Chief Financial Officer of Roots Management Group from March 2024 to June 2025. He served as Managing Director, Co-Head of Strategic Research at Green Street from July 2017 to November 2022.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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