Hoff Ann bought EQR
March 19, 2024 · Form 4 insider transaction
Hoff Ann bought 212 shares of Equity Residential at $0.50 per share, a transaction worth $106.00. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
On March 19, 2024, the reporting person elected to receive a grant of Series 2024C 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 grant of long-term compensation for prospective service from March 19, 2024 to the 2024 Annual Meeting of Shareholders.; 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.; The RUs are scheduled to vest on March 19, 2025. In addition, the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until March 19, 2026.