4//SEC Filing
Parrell Mark J. 4
Accession 0001127602-23-005888
CIK 0000906107other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 5:02 PM ET
Size
8.6 KB
Accession
0001127602-23-005888
Insider Transaction Report
Form 4
Parrell Mark J.
DirectorPresident & CEO
Transactions
- Award
Restricted Units
2023-02-15+23,431→ 23,431 totalExp: 2033-02-15→ Common Shares Of Beneficial Interest (23,431 underlying) - Award
Non-qualified Stock Option (Right to Buy)
2023-02-15+116,755→ 116,755 totalExercise: $66.59Exp: 2033-02-15→ Common Shares Of Beneficial Interest (116,755 underlying)
Footnotes (3)
- [F1]Represents share options scheduled to vest in approximately three equal installments on February 15, 2024, February 15, 2025 and February 15, 2026.
- [F2]On February 15, 2023, the reporting person received a grant of Series 2023B restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), 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. RUs are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the OP ("OP Units") when the capital account related to the RUs 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 RUs reflected in this report also include any OP Units into which such RUs automatically convert.
- [F3]The Restricted Units are scheduled to vest on February 15, 2026.
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, 5:02 PM ET
- Size
- 8.6 KB