Garechana Robert 4

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.