Carraway Catherine 4

What Happened
Catherine Carraway, EVP & CHRO of Equity Residential, was granted 4,761 restricted shares (awarded, $0 price) and sold 656 common shares in an open-market transaction. The sale was at $65.13 per share for proceeds of $42,725. The grant represents restricted shares scheduled to vest on February 9, 2029; the sale was reported as made to satisfy tax withholding obligations.

Key Details

• Transactions reported: Grant (A) on 2026-02-09 — 4,761 restricted shares @ $0.00; Sale (S) on 2026-02-10 — 656 shares @ $65.13 ($42,725 total).
• Filing: Form 4 filed 2026-02-11 (covers transactions dated 2026-02-09 and 2026-02-10); filing appears timely.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes from the filing:
  • F1: The 4,761 shares are restricted shares scheduled to vest on Feb 9, 2029.
  • F2: Direct totals include restricted shares scheduled to vest in the future.
  • F3: The sale of 656 shares was to pay tax liability incurred upon vesting of restricted shares (tax withholding).
  • F4: Some shares are held by Principal Trust Company as Trustee of the Equity Residential SERP for the benefit of the reporting person; includes restricted shares deferred to the SERP upon vesting.

Context
This filing shows a routine equity award combined with a small, tax-related sale — common for executive compensation. The award is a restricted stock grant (vesting in 2029), and the sale was reported as used to satisfy taxes; these actions are compensation-driven rather than a clear bullish or bearish signal about the company.