Form 4 for VMRK Vivmark Residential
Accepted 2024-01-23 00:00:00 ET · period of report 2024-01-19 · accession 0001127602-24-001911 · 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 | 2024-01-23 | 2024-01-19 | VMRK | Garechana Robert | EVP, CFO | A - Grant | $0.00 | +3,192 | 25.0K | +15% | $0 |
| D | 2024-01-23 | 2024-01-19 | VMRK | Garechana Robert | EVP, CFO | A - Grant | $0.00 | +9,883 | 9,883 | 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 | 2024-01-19 | A | A | 3,192 | $0.00 | 25,001 | D | — | — | (F1) Represents restricted shares of Equity Residential (the "Company") issued in connection with the settlement of an award under the Company's 2021 Long-Term Incentive Plan which are scheduled to vest on February 1, 2024. (F2) Direct total includes restricted shares of Equity Residential scheduled to vest in the future. |
| 2 | Derivative | Restricted Units | 2024-01-19 | A | A | 9,883 | $0.00 | 9,883 | D | — · — to 2031-01-01 | 9,883 Common Shares Of Beneficial Interest | (F5) Represents restricted limited partnership interests ("RUs") 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 2021 Long-Term Incentive Plan. (F6) RUs 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 RUs 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 RUs 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. (F7) The RUs are scheduled to vest on February 1, 2024. |