Michael L. Manelis - Feb 5, 2025 Form 4 Insider Report for EQUITY RESIDENTIAL (EQR)

Role
Executive Vice President & COO
Signature
/s/ Samantha Thompson, Attorney-in-fact
Stock symbol
EQR
Transactions as of
Feb 5, 2025
Transactions value $
-$683,761
Form type
4
Date filed
2/7/2025, 04:36 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 Award $0 +6.07K +20.1% $0.00 36.3K Feb 5, 2025 Direct F1, F2
transaction EQR Common Shares Of Beneficial Interest Sale -$245K -3.4K -9.39% $72.06 32.9K Feb 6, 2025 Direct F2, F3
transaction EQR Common Shares Of Beneficial Interest Sale -$132K -1.83K -5.58% $72.06 31K Feb 6, 2025 Direct F2, F3
transaction EQR Common Shares Of Beneficial Interest Sale -$306K -4.25K -13.7% $72.09 26.8K Feb 6, 2025 Direct F2
holding EQR Common Shares Of Beneficial Interest 1.33K Feb 5, 2025 SERP Account 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 +19.3K $0.00 19.3K Feb 5, 2025 Common Shares Of Beneficial Interest 19.3K 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 restricted shares scheduled to vest on February 5, 2028.
F2 Direct total includes restricted shares of Equity Residential scheduled to vest in the future.
F3 Represents the sale of shares for the payment of tax liability incurred upon the vesting of restricted shares.
F4 Represents shares owned by Principal Trust Company, as Trustee of the Equity Residential Supplemental Executive Retirement Plan (the "SERP"), 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.