Form 4 for VMRK Vivmark Residential
Accepted 2023-01-25 00:00:00 ET · period of report 2023-01-23 · accession 0001127602-23-002188 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-01-25 | 2023-01-23 | VMRK | Garechana Robert | EVP, CFO | A - Grant | $0.00 | +1,123 | 26.4K | +4% | $0 |
| D | 2023-01-25 | 2023-01-23 | VMRK | Garechana Robert | EVP, CFO | A - Grant | $0.00 | +1,172 | 1,172 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares Of Beneficial Interest | 2023-01-23 | A | A | 1,123 | $0.00 | 26,359 | D | — | — | (F1) Represents restricted shares of Equity Residential (the "Company") issued in connection with the settlement of an award under the Company's 2020 Long-Term Incentive Plan which are scheduled to vest on February 13, 2023. (F2) Direct total includes restricted shares of Equity Residential scheduled to vest in the future. |
| 2 | Derivative | Restricted Units | 2023-01-23 | A | A | 1,172 | $0.00 | 1,172 | D | — · — to 2030-01-01 | 1,172 Common Shares Of Beneficial Interest | (F5) 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. (F6) The Restricted Units are scheduled to vest on February 13, 2023. |