NEITHERCUT DAVID J 4

What Happened

• David J. Neithercut, Director and Chairman of the Board of Equity Residential (EQR), was granted two derivative awards on 2026-06-18 totaling 50,997 shares (27,716 and 23,281). Each grant is reported at $0.00 on the Form 4 because these are awards/options for future service, not open-market purchases or immediate cash sales.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-23 (filed five days after the transaction).
• Grant types: Two awards recorded as derivative securities (code A — award/grant). Per the footnote, these represent share options granted for prospective service from the 2026 Annual Meeting of Shareholders.
• Reported price: $0.00 for each grant (typical for option or award grants on Form 4); reported total cash value shown as $0 on the filing excerpt.
• Shares owned after transaction: Not reported in the provided excerpt.
• Timeliness: Filed June 23 for a June 18 transaction — Form 4s are generally due within two business days, so this filing appears later than that window.

Context

• These were option/award grants tied to future service (not exercises or sales). That means Neithercut did not pay cash to buy shares nor did he sell shares; instead he received rights to future equity compensation subject to vesting or service conditions.
• Such grants are common as director compensation and do not, by themselves, signal a buy or sell decision in the market.