Huque Tahsinul Zia 4
4 · EQUITY RESIDENTIAL · Filed Nov 22, 2019
Insider Transaction Report
Form 4
Huque Tahsinul Zia
Director
Transactions
- Award
Restricted Units
2019-11-20$0.50/sh+1,165$583→ 1,165 totalExp: 2029-11-20→ Common Shares Of Beneficial Interest (1,165 underlying)
Footnotes (2)
- [F1]On November 20, 2019, the reporting person elected to receive a grant of Series 2019F restricted limited partnership interests ("Restricted Units") in ERP Operating Limited Partnership (the "Operating Partnership"), the operating partnership of Equity Residential (the "Company"), in connection with the Company's grant of long-term compensation for prospective service from November 20, 2019 to the 2020 Annual Meeting of Shareholders. Restricted Units are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the Operating Partnership ("OP Units") when the capital account related to the Restricted Units 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 Restricted Units reflected in this report also include any OP Units into which such Restricted Units automatically convert.
- [F2]The Restricted Units are scheduled to vest on November 20, 2020. In addition, the Restricted Units (including any OP Units into which they may automatically convert) are subject to a holding restriction until November 20, 2021.