EDELMAN MARTIN L 4
4 · Equity Commonwealth · Filed Jun 14, 2023
Insider Transaction Report
Form 4
EDELMAN MARTIN L
Director
Transactions
- Award
LTIP Units
2023-06-13+5,773→ 5,773 total→ Common Shares of Beneficial Interest (5,773 underlying)
Footnotes (2)
- [F1]Each LTIP Unit converts automatically into one share of beneficial interest, designated as a unit (an "OP Unit") in EQC Operating Trust when the LTIP Unit becomes vested and upon equalization of its capital account with the per-unit capital account of the OP Units. OP Units are redeemable for cash or, at the option of Equity Commonwealth, exchangeable for common shares of Equity Commonwealth on a one-for-one basis.
- [F2]Represents LTIP Units issued pursuant to the applicable Equity Commonwealth equity compensation plan. The LTIP Units will vest on 6/13/2024.