Scott Fenster - Feb 5, 2025 Form 4 Insider Report for EQUITY RESIDENTIAL (EQR)

Role: EVP & General Counsel
Signature: /s/ Samantha Thompson, Attorney-in-fact
Stock symbol: EQR
Transactions as of: Feb 5, 2025
Transactions value $: -$384,800
Form type: 4
Date filed: 2/7/2025, 04:22 PM
Previous filing: Jan 22, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EQR	Common Shares Of Beneficial Interest	Sale	-$141K	-1.96K	-4.79%	$72.06	38.9K	Feb 6, 2025	Direct	F1, F2
transaction	EQR	Common Shares Of Beneficial Interest	Sale	-$244K	-3.39K	-8.7%	$72.06	35.5K	Feb 6, 2025	Direct	F1, F2
holding	EQR	Common Shares Of Beneficial Interest						337	Feb 5, 2025	401(k) Plan	F3
holding	EQR	Common Shares Of Beneficial Interest						2.27K	Feb 5, 2025	Revocable Trust	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	EQR	Restricted Units	Award	$0	+12.2K		$0.00	12.2K	Feb 5, 2025	Common Shares Of Beneficial Interest	12.2K		Direct	F5, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the sale of shares for the payment of tax liability incurred upon the vesting of restricted shares.
F2	Direct total includes restricted shares of Equity Residential scheduled to vest in the future.
F3	Represents shares acquired through profit sharing contributions and dividend reinvestment activity in the reporting person's account with the Equity Residential Advantage 401(k) Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through January 17, 2025.
F4	Represents shares beneficially owned by a trust for the benefit of the reporting person.
F5	On February 5, 2025, the reporting person received a grant of Series 2025B 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.
F6	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.
F7	The Restricted Units are scheduled to vest on February 5, 2028.