Robert Garechana - Jan 23, 2023 Form 4 Insider Report for EQUITY RESIDENTIAL (EQR)

Role
EVP & Chief Financial Officer
Signature
/s/ Samantha Thompson, Attorney-in-fact
Stock symbol
EQR
Transactions as of
Jan 23, 2023
Transactions value $
$0
Form type
4
Date filed
1/25/2023, 03:29 PM
Previous filing
Aug 17, 2022
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQR Common Shares Of Beneficial Interest Award $0 +1.12K +4.45% $0.00 26.4K Jan 23, 2023 Direct F1, F2
holding EQR Common Shares Of Beneficial Interest 149 Jan 23, 2023 401(k) Plan F3
holding EQR Common Shares Of Beneficial Interest 1.87K Jan 23, 2023 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 +1.17K $0.00 1.17K Jan 23, 2023 Common Shares Of Beneficial Interest 1.17K 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 of Equity Residential (the "Company") issued in connection with the settlement of an award under the Company's 2020 Long-Term Incentive Plan which are scheduled to vest on February 13, 2023.
F2 Direct total includes restricted shares of Equity Residential scheduled to vest in the future.
F3 Represents shares acquired through profit sharing contributions and dividend reinvestment activity in the reporting person's account with the Equity Residential Advantage 401(k) Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through January 13, 2023.
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 Represents restricted limited partnership interests ("Restricted Units") in ERP Operating Limited Partnership (the "Operating Partnership"), the operating partnership of Equity Residential (the "Company"), retained in connection with the settlement of an award under the Company's 2020 Long-Term Incentive Plan. 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). Such target has been reached and these Restricted Units have converted to OP Units. Subject to the vesting requirements of the grant and certain other conditions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or cash value of such shares, at the Company's option.
F6 The Restricted Units are scheduled to vest on February 13, 2023.