Carr Chris 4
4 · EQUITY RESIDENTIAL · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Equity Residential (EQR) Director Chris Carr Receives Award
What Happened Chris Carr, a director of Equity Residential (EQR), was granted 3,561 Series 2026C restricted limited partnership interests ("RUs") on June 18, 2026. The grant is reported at $0.50 per unit for a total reported value of $1,781. This was an award (grant) for prospective service as part of the company’s annual long-term compensation program — not an open-market purchase or sale.
Key Details
- Transaction date: June 18, 2026; filing date: June 23, 2026 (filed one business day after the usual 2-business-day Form 4 window).
- Amount: 3,561 RUs at $0.50 each; total reported value $1,781. Reported as an award/derivative (code A).
- Shares/units owned after transaction: not specified in the provided Form 4.
- Footnote highlights:
- Carr elected to receive the Series 2026C RUs in connection with the company’s 2026 annual grants.
- RUs convert automatically into OP Units when a tax-related capital account target is met (if within 10 years).
- OP Units are exchangeable one-for-one for common shares (or cash at the company’s option).
- The RUs vest on June 18, 2027 and are subject to a holding restriction until June 18, 2028.
Context This is a routine long-term compensation grant to a director rather than a market buy or sale; such awards are common and geared toward retention and alignment with shareholders. The RUs are derivative interests that may convert into partnership units and ultimately into common shares (or cash), subject to vesting and conversion rules described above.
Insider Transaction Report
- Award
Restricted Units
[F1][F2][F3]2026-06-18$0.50/sh+3,561$1,781→ 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.