Michael L. Manelis - Feb 3, 2022 Form 4 Insider Report for EQUITY RESIDENTIAL (EQR)

Role
Executive Vice President & COO
Signature
/s/ Samantha Thompson, Attorney-in-fact
Stock symbol
EQR
Transactions as of
Feb 3, 2022
Transactions value $
-$327,082
Form type
4
Date filed
2/7/2022, 03:49 PM
Previous filing
Jan 25, 2022
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQR Common Shares Of Beneficial Interest Award $0 +7.7K +42.62% $0.00 25.8K Feb 3, 2022 Direct F1, F2
transaction EQR Common Shares Of Beneficial Interest Sale -$327K -3.63K -14.09% $90.13 22.1K Feb 4, 2022 Direct F2, F3
holding EQR Common Shares Of Beneficial Interest 1.33K Feb 3, 2022 SERP Account F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EQR Restricted Units Award $0 +8K $0.00 8K Feb 3, 2022 Common Shares Of Beneficial Interest 8K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares scheduled to vest on February 3, 2025.
F2 Direct total includes restricted shares of Equity Residential scheduled to vest in the future.
F3 Represents the sale of shares for the payment of tax liability incurred upon the vesting of restricted shares.
F4 Represents shares owned by Principal Trust Company, as Trustee of the Equity Residential Supplemental Executive Retirement Plan, for the benefit of the reporting person.
F5 On February 3, 2022, the reporting person received a grant of Series 2022B restricted limited partnership interests ("Restricted Units") in ERP Operating Limited Partnership (the "Operating Partnership"), the operating partnership of Equity Residential (the "Company"), in lieu of restricted shares of the Company as part of the Company's annual grant of long-term compensation. Restricted Units are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the Operating Partnership ("OP Units") when the capital account related to the Restricted Units reaches a specified target for federal income tax purposes (provided such target is reached within ten years of issuance). Subject to the vesting requirements of the grant and certain other restrictions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or the cash value of such shares, at the Company's option. The Restricted Units reflected in this report also include any OP Units into which such Restricted Units automatically convert.
F6 The Restricted Units are scheduled to vest on February 3, 2025.