Filing Details
- Accession Number:
- 0001127602-21-006219
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-02-17 16:39:07
- Reporting Period:
- 2021-02-12
- Accepted Time:
- 2021-02-17 16:39:07
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 906107 | Equity Residential | EQR | Real Estate Investment Trusts (6798) | 363877868 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1691784 | L Michael Manelis | Two North Riverside Plaza, Suite 400 Chicago IL 60606 | Executive Vice President & Coo | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Shares Of Beneficial Interest | Disposition | 2021-02-16 | 388 | $67.11 | 12,159 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Shares Of Beneficial Interest | Non-qualified Stock Option (Right to Buy) | Acquisiton | 2021-02-12 | 66,095 | $0.00 | 66,095 | $67.48 |
| Common Shares Of Beneficial Interest | Restricted Units | Acquisiton | 2021-02-12 | 2,723 | $0.00 | 2,723 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 66,095 | 2031-02-12 | No | 4 | A | Direct | |
| 2,723 | 2031-02-12 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Shares Of Beneficial Interest | 1,326 | Indirect | SERP Account |
Footnotes
- Represents the sale of shares for the payment of tax liability incurred upon the vesting of restricted shares.
- Direct total includes restricted shares of Equity Residential scheduled to vest in the future.
- Represents shares owned by Principal Trust Company, as Trustee of the Equity Residential Supplemental Executive Retirement Plan (the "SERP"), for the benefit of the reporting person. Also includes restricted shares that the reporting person deferred to the SERP upon vesting of the shares.
- Represents share options scheduled to vest in approximately three equal installments on February 12, 2022, February 12, 2023 and February 12, 2024.
- On February 12, 2021, the reporting person received a grant of Series 2021B 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.
- The Restricted Units are scheduled to vest on February 12, 2024.
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