Carr Chris 4

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.