Robert Garechana - Feb 3, 2022 Form 4 Insider Report for EQUITY RESIDENTIAL (EQR)

Role: EVP & Chief Financial Officer
Signature: /s/ Samantha Thompson, Attorney-in-fact
Stock symbol: EQR
Transactions as of: Feb 3, 2022
Transactions value $: -$249,660
Form type: 4
Date filed: 2/7/2022, 03:43 PM
Previous filing: Jan 25, 2022
Next filing: Aug 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EQR	Common Shares Of Beneficial Interest	Award	$0	+5.88K	+26.59%	$0.00	28K	Feb 3, 2022	Direct	F1, F2
transaction	EQR	Common Shares Of Beneficial Interest	Sale	-$250K	-2.77K	-9.89%	$90.13	25.2K	Feb 4, 2022	Direct	F2, F3
holding	EQR	Common Shares Of Beneficial Interest						144	Feb 3, 2022	401(k) Plan	F4
holding	EQR	Common Shares Of Beneficial Interest						1.87K	Feb 3, 2022	SERP Account	F5

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	+6.11K		$0.00	6.11K	Feb 3, 2022	Common Shares Of Beneficial Interest	6.11K		Direct	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 3, 2025.
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 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 15, 2022.
F5	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. Also includes restricted shares that the reporting person deferred to the SERP upon vesting of the shares.
F6	On February 3, 2022, the reporting person received a grant of Series 2022B restricted limited partnership interests ("Restricted Units") in ERP Operating Limited Partnership (the "Operating Partnership"), 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. Restricted Units are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the Operating Partnership ("OP Units") when the capital account related to the Restricted Units 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 Restricted Units reflected in this report also include any OP Units into which such Restricted Units automatically convert.
F7	The Restricted Units are scheduled to vest on February 3, 2025.