Mark S. Shapiro - 01 Jul 2025 Form 4 Insider Report for EQUITY RESIDENTIAL (EQR)

Role
Director
Signature
/s/ Samantha Thompson, Attorney-in-fact
Issuer symbol
EQR
Transactions as of
01 Jul 2025
Transactions value $
$0
Form type
4
Filing time
03 Jul 2025, 16:23:56
Previous filing
26 Mar 2025
Next filing
19 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SHAPIRO MARK S Director TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO /s/ Samantha Thompson, Attorney-in-fact 03 Jul 2025 0001345978

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 +3.39K $0.00 3.39K 01 Jul 2025 Common Shares Of Beneficial Interest 3.39K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 1, 2025, the reporting person elected to receive a grant of Series 2025D restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), the OP of Equity Residential (the "Company"), in connection with the Company's annual grant of long-term compensation for prospective service from the 2025 Annual Meeting of Shareholders to the 2026 Annual Meeting of Shareholders.
F2 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.
F3 The RUs are scheduled to vest on July 1, 2026. In addition, the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until July 1, 2027.