Jeffrey Douglas Brown - Feb 9, 2022 Form 4 Insider Report for Equity Commonwealth (EQC)

Role: SVP & Chief Accounting Officer
Signature: /s/ Orrin S. Shifrin, attorney-in-fact
Stock symbol: EQC
Transactions as of: Feb 9, 2022
Transactions value $: -$28,531
Form type: 4
Date filed: 2/11/2022, 07:06 AM
Previous filing: Jan 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EQC	Common Shares of Beneficial Interest	Options Exercise		+1.61K	+12.04%		15K	Feb 9, 2022	Direct	F1
transaction	EQC	Common Shares of Beneficial Interest	Award		+726	+4.84%		15.7K	Feb 9, 2022	Direct	F1
transaction	EQC	Common Shares of Beneficial Interest	Tax liability	-$28.5K	-1.1K	-7.01%	$25.89	14.6K	Feb 9, 2022	Direct	F2

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		-1.61K	-100%		0	Feb 9, 2022	Common Shares of Beneficial Interest	1.61K		Direct	F3, F4
transaction	EQC	Restricted Share Units	Award		+725			725	Feb 9, 2022	Common Shares of Beneficial Interest	725		Direct	F3, F5

* 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 exchange for one Restricted Share Unit ("RSU"), 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. 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	Reflects Common Shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted Common Shares and RSUs.
F3	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.
F4	On February 9, 2021, the Reporting Person received 3,225 RSUs as a result of certain performance criteria being met with respect to previously granted RSUs, vesting in two equal installments on February 9, 2021 and in February of 2022, subject to the Reporting Person's continued employment with Equity Commonwealth through such date.
F5	Reflects RSUs that were issued to 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 2023, subject to the Reporting Person's continued employment with Equity Commonwealth through such date.