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EQUITY RESIDENTIAL — Director's Dealing 2024
Mar 21, 2024
30212_dirs_2024-03-21_deba3926-b596-4bec-a2a0-731a913906c0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: EQUITY RESIDENTIAL (EQR)
CIK: 0000906107
Period of Report: 2024-03-19
Reporting Person: Hoff Ann (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-19 | Common Shares Of Beneficial Interest | A | 588 | — | Acquired | 588 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-19 | Restricted Units | $ | A | 212 | Acquired | 2034-03-19 | Common Shares Of Beneficial Interest (212) | Direct |
Footnotes
F1: Represents restricted shares granted for prospective service from March 19, 2024 to the 2024 Annual Meeting of Shareholders which are scheduled to vest on March 19, 2025.
F2: Direct total includes restricted shares of Equity Residential scheduled to vest in the future.
F3: On March 19, 2024, the reporting person elected to receive a grant of Series 2024C restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), the OP of Equity Residential (the "Company"), in connection with the Company's grant of long-term compensation for prospective service from March 19, 2024 to the 2024 Annual Meeting of Shareholders.
F4: 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.
F5: The RUs are scheduled to vest on March 19, 2025. In addition, the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until March 19, 2026.