ChickenStockChickenStock

AI English summary of an SEC filing — figures as filed

UDR logoUDR UDR

UDR said on May 4, 2026 its Board of Directors authorized the Company to repurchase up to 25 million shares of common stock, effective immediately.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. UDR said on May 4, 2026 its Board of Directors authorized the Company to repurchase up to 25 million shares of common stock, effective immediately.

  2. The company said 4.6 million shares remain available for repurchase under its existing stock repurchase program approved in January 2008, and that this program will not be modified or superseded by the program announced on May 4.

  3. UDR said in its press release that the Board authorized an increase to its share repurchase program of 25 million shares, giving the Company the ability to repurchase a total of approximately 30 million shares, which equates to more than $1 billion at current share price levels.

  4. The company said share repurchases under this program may be made in open-market purchases, block purchases, privately negotiated transactions or otherwise as determined by the Company, that the program does not have an expiration date and may be terminated at any time without prior notice.

Summary

AI-written

Analysis 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.

May 4, 2026 Authorization to Repurchase 25 million Shares

UDR said on May 4, 2026 its Board of Directors authorized the Company to repurchase up to 25 million shares of common stock, effective immediately.

Source · Based on the filing body and exhibits

4.6 million Shares Remaining Under 2008 Program

The company said 4.6 million shares remain available for repurchase under its existing stock repurchase program approved in January 2008, and that this program will not be modified or superseded by the program announced on May 4.

Source · Based on the filing body and exhibits

Total of Approximately 30 million Shares, More Than $1 billion at Current Share Price

UDR said in its press release that the Board authorized an increase to its share repurchase program of 25 million shares, giving the Company the ability to repurchase a total of approximately 30 million shares, which equates to more than $1 billion at current share price levels.

Source · Based on the filing body and exhibits

Repurchase Methods and No-Expiration-Date Program Terms

The company said share repurchases under this program may be made in open-market purchases, block purchases, privately negotiated transactions or otherwise as determined by the Company, that the program does not have an expiration date and may be terminated at any time without prior notice.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.