4//SEC Filing
CHURCHEY RANDY L 4
Accession 0001302343-18-000006
CIK 0001302343other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 5:11 PM ET
Size
6.8 KB
Accession
0001302343-18-000006
Insider Transaction Report
Form 4
CHURCHEY RANDY L
DirectorPresident and CEO
Transactions
- Award
Profit-Only Interest
2018-01-01+12,529→ 184,554 total→ Common Stock (12,529 underlying)
Footnotes (3)
- [F1]Represents a grant pursuant to the EdR 2018 Long-Term Incentive Plan. The reporting person has elected to receive his award in the form of profit-only interests ("POIs") in Education Realty Operating Partnership, LP (the "Operating Partnership"), a subsidiary of EdR. The grant will vest over a three year period with one-third of the POIs vesting on January 1, 2019, one-third vesting on January 1, 2020 and one-third vesting on January 1, 2021.
- [F2]Upon the occurrence of certain capital account equalization events, the POIs will become common units of limited partnership interest in the Operating Partnership, which may be redeemed for cash or, at EdR's option, shares of EdR's common stock on a one-for-one basis.
- [F3]Represents (i) 17,494 POIs granted under the EdR 2015, 2016 and 2017 Long-Term Incentive Plans that have vested, (ii) 21,373 POIs granted under the EdR 2016, 2017 and 2018 Long-Term Incentive Plans that vest ratably over the corresponding three year periods, including the newly granted POIs described in footnote 1 above, and (iii) 145,687 POIs granted under the 2015, 2016 and 2017 Long-Term Incentive Plans that vest in 2018, 2019 and 2020, respectively, subject to certain performance conditions. EdR's compensation committee will determine the percentage of performance-based POIs that will vest each year after an evaluation of the achievement of the established performance metrics for the previous year.
Documents
Issuer
Education Realty Trust, Inc.
CIK 0001302343
Entity typeother
Related Parties
1- filerCIK 0001191837
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 5:11 PM ET
- Size
- 6.8 KB