Scott Fenster - Jan 19, 2024 Form 4 Insider Report for EQUITY RESIDENTIAL (EQR)

Role
EVP & General Counsel
Signature
/s/ Samantha Thompson, Attorney-in-fact
Stock symbol
EQR
Transactions as of
Jan 19, 2024
Transactions value $
$0
Form type
4
Date filed
1/23/2024, 04:19 PM
Previous filing
Nov 6, 2023
Next filing
Feb 5, 2024

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 +7.43K $0.00 7.43K Jan 19, 2024 Common Shares Of Beneficial Interest 7.43K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted limited partnership interests ("RUs") 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 2021 Long-Term Incentive Plan.
F2 RUs 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 RUs 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 RUs 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.
F3 The RUs are scheduled to vest on February 1, 2024.