Mark J. Parrell - Jan 23, 2023 Form 4 Insider Report for EQUITY RESIDENTIAL (EQR)

Role
President & CEO, Director
Signature
/s/ Samantha Thompson, Attorney-in-fact
Stock symbol
EQR
Transactions as of
Jan 23, 2023
Transactions value $
$0
Form type
4
Date filed
1/25/2023, 03:19 PM
Previous filing
May 18, 2022
Next filing
Feb 17, 2023

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 +11.4K $0.00 11.4K Jan 23, 2023 Common Shares Of Beneficial Interest 11.4K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted limited partnership interests ("Restricted Units") in ERP Operating Limited Partnership (the "Operating Partnership"), the operating partnership of Equity Residential (the "Company"), retained in connection with the settlement of an award under the Company's 2020 Long-Term Incentive Plan. 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). Such target has been reached and these Restricted Units have converted to OP Units. Subject to the vesting requirements of the grant and certain other conditions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or cash value of such shares, at the Company's option.
F2 The Restricted Units are scheduled to vest on February 13, 2023.