Vivmark Residential (VMRK) EVP/COO Michael L. Manelis Receives Awards

What Happened
Michael L. Manelis, Executive Vice President and Chief Operating Officer of Vivmark Residential (VMRK), received six equity awards on August 31, 2026 totaling 70,727 shares/units. The awards were granted at $0.00 per share (transaction code A) and consist of three restricted common share grants (10,536; 10,820; 13,201 shares) and three restricted partnership/unit grants (11,055; 11,310; 13,805 RUs). No cash was paid; these are compensation awards that vest on future dates.

Key Details

• Transaction date: August 31, 2026; Form 4 filed September 2, 2026 (timely filing).
• Grant details: total 70,727 shares/units (all acquired at $0.00).
  • Restricted common shares: 10,536; 10,820; 13,201 — scheduled to vest on Jan 4, 2027; Jan 3, 2028; and Jan 2, 2029 (respectively, per footnotes).
  • Restricted units (RUs) in the Operating Partnership: 11,055; 11,310; 13,805 — scheduled to vest on Jan 4, 2027; Jan 3, 2028; and Jan 2, 2029 (respectively, per footnotes).
• Ownership after transaction: the filing notes that the direct total includes restricted shares scheduled to vest, but the excerpt does not list a specific total shares outstanding owned by the reporting person.
• Transaction code: A = Award/Grant. No sale or purchase of publicly traded shares occurred.
• Notable plan details: RUs are restricted limited partnership interests that can convert to OP Units and, subject to vesting and other conditions, may be exchangeable one-for-one for common shares (or cash at the company's option).

Context

• These awards are company compensation grants (not open-market purchases or sales) and typically reflect long-term incentive pay rather than an immediate trading signal.
• Vesting is staggered across 2027–2029; until vesting, the restricted shares/units are subject to forfeiture or conversion rules per the company’s LTIP.
• No indication in this filing of a 10b5-1 plan, cashless exercise, sale, or tax-withholding sale associated with these awards.