UDR CEO Thomas Toomey's 2021 pay jumps 123% to $14M
UDR reports 2021 executive compensation
By ExecPay News
Published: March 31, 2022
UDR reported fiscal year 2021 executive compensation information on March 31, 2022.
In 2021, five UDR executives received on average a compensation package of $4.5M, a 27% increase compared to previous year.
Average pay of disclosed executives at UDR
Thomas W. Toomey, Chief Executive Officer, received $14M in total, which increased by 123% compared to 2020. 94% of Toomey's compensation, or $13M, was in stock awards. Toomey also received $800K in salary and $44K in other compensation.
For fiscal year 2021, the median employee pay was $76,519 at UDR. Therefore, the ratio of Thomas W. Toomey's pay to the median employee pay was 186 to one.
Joseph D. Fisher, Chief Financial Officer, received a compensation package of $3.1M, which increased by 6% compared to previous year. 83% of the compensation package, or $2.5M, was in stock awards.
Harry G. Alcock, Chief Investment Officer, earned $3M in 2021, a 12% decrease compared to previous year.
Michael D. Lacy, Senior Vice President - Property Operations, received $1.7M in 2021, which increases by 48% compared to 2020.
Jerry A. Davis, Former President, earned $404K in 2021, a 89% decrease compared to previous year.
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Source: SEC filing on March 31, 2022.