Form 4 for VMRK Vivmark Residential
Accepted 2024-02-05 00:00:00 ET · period of report 2024-02-01 · accession 0001127602-24-003379 · 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 | 2024-02-05 | 2024-02-01 | VMRK | Manelis Michael L | EVP, COO | A - Grant | $0.00 | +6,076 | 32.7K | +23% | $0 |
| DM | 2024-02-05 | 2024-02-01 | VMRK | Manelis Michael L | EVP, COO | A - Grant | $0.00 | +46.5K | 12.9K | 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 | 2024-02-01 | A | A | 6,076 | $0.00 | 32,692 | D | — | — | (F1) Represents restricted shares scheduled to vest on February 1, 2027. (F2) Direct total includes restricted shares of Equity Residential scheduled to vest in the future. |
| 2 | Derivative | Non-qualified Stock Option (Right to Buy) | 2024-02-01 | A | A | 33,648 | $0.00 | 33,648 | D | $60.96 · — to 2034-02-01 | 33,648 Common Shares Of Beneficial Interest | (F7) Represents share options scheduled to vest in three equal installments on February 1, 2025, February 1, 2026 and February 1, 2027. |
| 3 | Derivative | Restricted Units | 2024-02-01 | A | A | 12,873 | $0.00 | 12,873 | D | — · — to 2034-02-01 | 12,873 Common Shares Of Beneficial Interest | (F4) On February 1, 2024, the reporting person received a grant of Series 2024B restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), the operating partnership of Equity Residential (the "Company"), in lieu of restricted shares of the Company as part of the Company's annual grant of long-term compensation. (F5) 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. (F6) The Restricted Units are scheduled to vest on February 1, 2027. |