4//SEC Filing
Brackenridge Alexander 4
Accession 0001127602-21-006159
CIK 0000906107other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 4:17 PM ET
Size
9.4 KB
Accession
0001127602-21-006159
Insider Transaction Report
Form 4
Brackenridge Alexander
Executive Vice President & CIO
Transactions
- Sale
Common Shares Of Beneficial Interest
2021-02-16$67.11/sh−2,473$165,963→ 25,190 total - Award
Restricted Units
2021-02-12+7,714→ 7,714 totalExp: 2031-02-12→ Common Shares Of Beneficial Interest (7,714 underlying)
Holdings
- 3,013(indirect: By 401(k))
Common Shares Of Beneficial Interest
Footnotes (5)
- [F1]Represents the sale of shares for the payment of tax liability incurred upon the vesting of restricted shares.
- [F2]Direct total includes restricted shares of Equity Residential scheduled to vest in the future.
- [F3]Represents shares acquired through profit sharing contributions and dividend reinvestment activity in the reporting person's account with the Equity Residential Advantage 401(k) Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through January 16, 2021.
- [F4]On February 12, 2021, the reporting person received a grant of Series 2021B restricted limited partnership interests ("Restricted Units") in ERP Operating Limited Partnership (the "Operating Partnership"), the operating partnership of Equity Residential (the "Company"), in lieu of restricted shares of the Company as part of the Company's annual grant of long-term compensation. 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.
- [F5]The Restricted Units are scheduled to vest on February 12, 2024.
Documents
Issuer
EQUITY RESIDENTIAL
CIK 0000906107
Entity typeother
Related Parties
1- filerCIK 0001633662
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 4:17 PM ET
- Size
- 9.4 KB