4//SEC Filing
Fenster Scott 4
Accession 0000906107-26-000002
CIK 0000906107other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 4:17 PM ET
Size
6.3 KB
Accession
0000906107-26-000002
Research Summary
AI-generated summary of this filing
Equity Residential (EQR) EVP Scott Fenster Receives Award 11,393 RUs
What Happened
Scott Fenster, EVP and General Counsel of Equity Residential (EQR), was granted 11,393 restricted limited partnership interests ("RUs") on January 16, 2026. The award was reported on a Form 4 filed January 21, 2026. The grant shows a $0.00 per-unit price (an award, not a purchase), and the units are derivative interests rather than direct common shares.
Key Details
- Transaction date: 2026-01-16; Form 4 filed: 2026-01-21 (filed within the two-business-day window, timely).
- Transaction type/code: Award/Grant (A). Amount: 11,393 RUs; reported price: $0.00.
- Vesting: RUs are scheduled to vest on February 9, 2026 (per footnote).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes:
- F1–F3: RUs are restricted limited partnership interests in the Operating Partnership retained on settlement of a 2023 LTIP award. RUs convert to OP Units when a tax-related capital-account target is met (within 10 years). OP Units are exchangeable 1:1 for common shares (or cash at the company's option); RUs reported include any OP Units into which they convert.
Context
- This was an equity award (not a market purchase or sale), so it reflects compensation rather than an open‑market investment decision.
- Because these are derivative partnership units with vesting and conversion mechanics, they only become equivalent to common shares (or cash) if conversion and vesting conditions are met.
Insider Transaction Report
Form 4
Fenster Scott
EVP & General Counsel
Transactions
- Award
Restricted Units
[F1][F2][F3]2026-01-16+11,393→ 11,393 totalExp: 2033-01-01→ Common Shares Of Beneficial Interest (11,393 underlying)
Footnotes (3)
- [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 2023 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). 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. 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 February 9, 2026.
Signature
/s/ Samantha Thompson, Attorney-in-fact|2026-01-21
Documents
Issuer
EQUITY RESIDENTIAL
CIK 0000906107
Entity typeother
Related Parties
1- filerCIK 0001722913
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 4:17 PM ET
- Size
- 6.3 KB