Garechana Robert 4
Accession 0000906107-26-000003
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 4:20 PM ET
Size
10.4 KB
Accession
0000906107-26-000003
Research Summary
AI-generated summary of this filing
Equity Residential (EQR) EVP & CIO Robert Garechana Receives 22,491 Restricted Shares
What Happened
Robert Garechana, EVP and Chief Investment Officer of Equity Residential (EQR), was issued awards on January 16, 2026 totaling 22,491 shares. The filing shows two acquisitions by award: 11,020 restricted shares and 11,471 derivative restricted limited partnership interests (RUs). Both items were granted at $0.00 (awarded, not purchased) and are scheduled to vest on February 9, 2026.
Key Details
- Transaction date: 2026-01-16; transaction type: Award/Grant (Code A); reported on Form 4 filed 2026-01-21.
- Price: $0.00 per share (awarded shares, not an open-market purchase).
- Shares granted: 11,020 restricted common shares + 11,471 restricted limited partnership interests (total 22,491).
- Vesting: Restricted shares and RUs are scheduled to vest on February 9, 2026 (Footnotes F1, F7).
- Derivative detail: RUs are partnership interests that can convert into OP Units and then be exchanged one-for-one for common shares (or cash at the company’s option) once certain tax/capital-account conditions are met (Footnotes F5–F6).
- Other holdings: The filing references shares in the reporting person’s 401(k) account and SERP trust and notes that direct totals include restricted shares scheduled to vest (Footnotes F2–F4). The excerpt provided does not list a consolidated post-transaction total of all holdings.
- Timeliness: Form 4 was filed on 2026-01-21 for a 2026-01-16 transaction; given the MLK Day holiday, the filing date appears to meet the Form 4 timeliness requirement.
Context
These were compensation awards under Equity Residential’s 2023 Long-Term Incentive Plan (not purchases or sales). Awards at $0 reflect standard equity compensation and are subject to vesting and conversion rules, so they do not represent an immediate market purchase or sale by the insider.
Insider Transaction Report
- Award
Common Shares Of Beneficial Interest
[F1][F2]2026-01-16+11,020→ 25,132 total - Award
Restricted Units
[F5][F6][F7]2026-01-16+11,471→ 11,471 totalExp: 2033-01-01→ Common Shares Of Beneficial Interest (11,471 underlying)
- 169(indirect: By 401(k))
Common Shares Of Beneficial Interest
[F3] - 7,093(indirect: SERP Account)
Common Shares Of Beneficial Interest
[F4]
Footnotes (7)
- [F1]Represents restricted shares of Equity Residential (the "Company") issued in connection with the settlement of an award under the Company's 2023 Long-Term Incentive Plan which are scheduled to vest on February 9, 2026.
- [F2]Direct total includes restricted shares of Equity Residential scheduled to vest in the future.
- [F3]Represents shares acquired through profit sharing contributions and dividend reinvestment activity in the reporting person's account with the Equity Residential Advantage 401(k) Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through January 16, 2026.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]The RUs are scheduled to vest on February 9, 2026.
Signature
Documents
Issuer
EQUITY RESIDENTIAL
CIK 0000906107
Related Parties
1- filerCIK 0001750568
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 4:20 PM ET
- Size
- 10.4 KB