Aman Angela M 4
4 · EQUITY RESIDENTIAL · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
EQR Director Aman Angela Receives 3,561 Restricted Units
What Happened
Aman Angela, a director of Equity Residential (EQR), was granted 3,561 Series 2026C restricted limited partnership interests ("RUs") on June 18, 2026. The award is reported as a derivative acquisition at $0.00 per unit (3,561 units; no cash paid). The RUs may convert into OP Units and, subject to company rules, are exchangeable one-for-one for common shares (or the cash value) once conversion triggers and vesting/holding conditions are met.
Key Details
- Transaction date: June 18, 2026; Form 4 filed June 23, 2026 (filed 5 days after the transaction — appears later than the typical 2-business-day Form 4 reporting window).
- Reported consideration: 3,561 RUs @ $0.00 (derivative award).
- Vesting: RUs scheduled to vest on June 18, 2027.
- Holding restriction: RUs (and any OP Units they convert into) subject to holding restriction until June 18, 2028.
- Conversion mechanics: RUs automatically convert to OP Units when the RU capital account reaches a specified federal tax target (if that occurs within 10 years); OP Units are exchangeable one-for-one for company common shares or cash at the company's option.
- Purpose: Award granted as part of the company’s annual long-term compensation for prospective service following the 2026 Annual Meeting.
- Shares owned after transaction: not specified in the provided filing.
Context
This transaction is an equity compensation award (not an open-market purchase or sale). Such grants are routine for directors and are subject to vesting and holding restrictions, so they do not represent an immediate sale or purchase of market-listed shares. The RUs are a derivative form that may convert to equity in the future; any eventual value depends on conversion, vesting, and company action.
Insider Transaction Report
- Award
Restricted Units
[F1][F2][F3]2026-06-18+3,561→ 3,561 totalExp: 2036-06-18→ Common Shares Of Beneficial Interest (3,561 underlying)
Footnotes (3)
- [F1]On June 18, 2026, the reporting person elected to receive a grant of Series 2026C restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), the OP of Equity Residential (the "Company"), in connection with the Company's annual grant of long-term compensation for prospective service from the 2026 Annual Meeting of Shareholders.
- [F2]RUs are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the OP ("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 restrictions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or the 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 June 18, 2027. In addition, the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until June 18, 2028.