Manelis Michael L 4
4 · EQUITY RESIDENTIAL · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Equity Residential (EQR) EVP & COO Michael Manelis Sells 2,429 Shares
What Happened
Michael L. Manelis, Executive Vice President & Chief Operating Officer of Equity Residential (EQR), disposed of 2,429 shares on 2026-02-18 at $63.56 per share, generating proceeds of $154,387. The filing indicates the sale was to satisfy tax withholding obligations arising from the vesting of restricted shares (Footnote F1).
Key Details
- Transaction date & price: 2026-02-18 — 2,429 shares sold at $63.56 each (total $154,387).
- Transaction type: Sale (open market or private sale; code S).
- Reason per filing: Sale to pay tax liability on vesting restricted shares (F1).
- Holdings after transaction: Not specified in the provided excerpt; filing notes reported totals include restricted shares scheduled to vest (F2) and shares held in the SERP trust for the reporting person (F3).
- Filing timing: Reported on 2026-02-19 for a 2026-02-18 transaction; no late filing indicated in the provided data.
Context
Sales to cover taxes on vested restricted stock are common and typically routine, rather than a direct signal about the insider’s view of the company. Retail investors often place more weight on open-market purchases than on tax-related disposals.
Insider Transaction Report
- Sale
Common Shares Of Beneficial Interest
[F1][F2]2026-02-18$63.56/sh−2,429$154,387→ 43,702 total
- 1,326(indirect: SERP Account)
Common Shares Of Beneficial Interest
[F3]
Footnotes (3)
- [F1]Represents the sale of shares for the payment of tax liability incurred upon the vesting of restricted shares.
- [F2]Direct total includes restricted shares of Equity Residential scheduled to vest in the future.
- [F3]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.