Mark S. Shapiro - Jun 20, 2024 Form 4 Insider Report for EQUITY RESIDENTIAL (EQR)

Role
Director
Signature
/s/ Samantha Thompson, Attorney-in-fact
Stock symbol
EQR
Transactions as of
Jun 20, 2024
Transactions value $
$0
Form type
4
Date filed
6/24/2024, 04:30 PM
Previous filing
Mar 1, 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 +3.35K $0.00 3.35K Jun 20, 2024 Common Shares Of Beneficial Interest 3.35K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 20, 2024, the reporting person elected to receive a grant of Series 2024D restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), the OP of Equity Residential (the "Company"), in connection with the Company's annual grant of long-term compensation for prospective service from the 2024 Annual Meeting of Shareholders to the 2025 Annual Meeting of Shareholders.
F2 RUs are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the OP ("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). 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 RUs reflected in this report also include any OP Units into which such RUs automatically convert.
F3 The RUs are scheduled to vest on June 20, 2025. In addition, the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until June 20, 2026.