William H. Griffiths - 04 Feb 2025 Form 4 Insider Report for Equity Commonwealth (EQC)

Signature
/s/ Orrin S. Shifrin, attorney-in-fact
Issuer symbol
EQC
Transactions as of
04 Feb 2025
Net transactions value
-$10,429
Form type
4
Filing time
05 Feb 2025, 16:16:55 UTC
Previous filing
08 Feb 2024
Next filing
05 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQC Common Shares of Beneficial Interest Options Exercise +3,977 +4.6% 89,756 04 Feb 2025 See footnote F1, F2
transaction EQC Common Shares of Beneficial Interest Award +5,387 +6% 95,143 04 Feb 2025 See footnote F1, F2
transaction EQC Common Shares of Beneficial Interest Tax liability $10,429 -6,208 -6.5% $1.68 88,935 04 Feb 2025 See footnote F2, F3
holding EQC Common Shares of Beneficial Interest 6,746 04 Feb 2025 By LLC F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EQC Restricted Share Units Options Exercise -3,977 -100% 0 04 Feb 2025 Common Shares of Beneficial Interest 3,977 See footnote F2, F5, F6
transaction EQC Restricted Share Units Award +5,386 5,386 04 Feb 2025 Common Shares of Beneficial Interest 5,386 See footnote F2, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Common Share of Beneficial Interest of Equity Commonwealth ("Common Share") was received in settlement of one Restricted Share Unit ("RSU"), subject to the terms and conditions set forth in the applicable Equity Commonwealth equity compensation plan (the "Equity Plan") and the applicable restricted share unit agreement for the Reporting Person. Reflects Common Shares that were issued to the Reporting Person as a result of certain performance criteria being met with respect to previously granted RSUs and a portion of such RSUs vesting on the Transaction Date.
F2 These shares/units, as applicable, are held by the William Harden Griffiths Revocable Trust, of which the Reporting Person is the trustee and a beneficiary.
F3 Reflects Common Shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted Common Shares and RSUs.
F4 These shares are held by BGAC Investments LLC, of which the reporting person and his spouse are members. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F5 Each RSU represents the right to receive one Common Share, subject to the terms and conditions set forth in the applicable Equity Commonwealth equity compensation plan and the applicable RSU agreement for the Reporting Person.
F6 On February 6, 2024, the Reporting Person received 7,955 RSUs as a result of certain performance criteria being met with respect to previously granted RSUs, vesting in two equal installments on February 6, 2024 and in February of 2025, subject to the Reporting Person's continued employment with Equity Commonwealth through such date.
F7 Reflects RSUs that were earned by the Reporting Person as a result of certain performance criteria being met with respect to previously granted RSUs. These RSUs will vest in February of 2026, subject to the terms and conditions of the applicable award agreements.