Vivmark Residential (VMRK) EVP & COO Michael Manelis Sells Shares

What Happened Michael L. Manelis, Executive Vice President & COO of Vivmark Residential (VMRK), sold 7,825 shares in an open-market/ private sale on August 17, 2026 at $64.31 per share for total proceeds of $503,226. On the same date he was also granted/received 8,836 restricted shares (award) and 27,021 restricted limited partnership interests ("RUs") (derivative), for a combined 35,857 awards recorded at $0.00 acquisition price.

Key Details

• Transaction date: August 17, 2026. Filing date: August 19, 2026 (two days later).
• Sale: 7,825 shares disposed at $64.31 each — proceeds $503,226.
• Grants/Acquisitions: 8,836 restricted shares (award) and 27,021 RUs (derivative), both reported at $0.00 acquisition price.
• Vesting/convertibility: The restricted shares and RUs are scheduled to vest on August 17, 2029 (F1, F6). RUs convert to OP Units and are generally exchangeable one-for-one for common shares (or cash at the company's option) once certain tax/vesting conditions are met (F4–F5).
• Holdings note: Some shares are held by Principal Trust Company as trustee for the Equity Residential Supplemental Executive Retirement Plan (SERP) for the benefit of the reporting person (F3). The filing indicates direct totals include restricted holdings scheduled to vest in the future (F2).
• Timeliness: Filing was submitted two days after the transactions; the Form 4 reflects the trades and awards on Aug 17 and was filed Aug 19, 2026.

Context

• The sale was an open-market disposal and generated ~$503K in proceeds. The simultaneous awards are restricted/derivative interests that vest in three years and may convert into common shares under specific conditions; these awards are typically part of executive compensation, not immediate market purchases. As always, sales do not necessarily indicate a change in view on the company — they can be routine or for personal/liquidity reasons.