4//SEC Filing
Parrell Mark J. 4
Accession 0001127602-21-006229
CIK 0000906107other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 4:42 PM ET
Size
8.7 KB
Accession
0001127602-21-006229
Insider Transaction Report
Form 4
Parrell Mark J.
DirectorPresident & CEO
Transactions
- Award
Non-qualified Stock Option (Right to Buy)
2021-02-12+75,462→ 75,462 totalExercise: $67.48Exp: 2031-02-12→ Common Shares Of Beneficial Interest (75,462 underlying) - Award
Restricted Units
2021-02-12+9,329→ 9,329 totalExp: 2031-02-12→ Common Shares Of Beneficial Interest (9,329 underlying)
Footnotes (3)
- [F1]Represents share options scheduled to vest in three equal installments on February 12, 2022, February 12, 2023 and February 12, 2024.
- [F2]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.
- [F3]The Restricted Units are scheduled to vest on February 12, 2024.
Documents
Issuer
EQUITY RESIDENTIAL
CIK 0000906107
Entity typeother
Related Parties
1- filerCIK 0001414146
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 4:42 PM ET
- Size
- 8.7 KB