Vivmark Residential (NYSE: EQR) EVP lists 26K shares, options
Rhea-AI Filing Summary
EQUITY RESIDENTIAL (EQR), now operating as Vivmark Residential (VMRK), reports initial holdings for executive vice president Alaine Susan Walsh following a merger of equals with AvalonBay Communities, Inc. on August 17, 2026. Walsh directly holds 26,335 Common Shares of Beneficial Interest, including restricted shares scheduled to vest, and a non-qualified stock option covering 6,826 underlying VMRK common shares at an exercise price of $64.57 per share, expiring on February 25, 2031. These shares and options reflect automatic conversion of prior AVB equity using a 2.793-to-1 exchange ratio under the merger agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Walsh Alaine Susan
Role
EVP, Human Capital & Admin
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non-qualified Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Common Shares Of Beneficial Interest F1, F2, F3 | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 6,826 shares (Direct);
Common Shares Of Beneficial Interest — 26,335 shares (Direct)
Footnotes (4)
- F1. Pursuant to the Agreement and Plan of Merger, dated as of May 20, 2026 (the "Merger Agreement"), by and among AvalonBay Communities, Inc., a Maryland corporation ("AVB"), Vivmark Residential (f/k/a Equity Residential), a Maryland real estate investment trust ("VMRK"), ERP Operating Limited Partnership, an Illinois limited partnership (the "Operating Partnership"), and Canopy Merger Sub LLC, a Maryland limited liability company ("Merger Sub"), AVB and VMRK combined in a merger of equals on August 17, 2026, with AVB merging with and into Merger Sub, with Merger Sub surviving as a wholly owned subsidiary of VMRK (the "Merger"). Merger Sub subsequently merged with and into the Operating Partnership, with the Operating Partnership continuing as the surviving entity.
- F2. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of common stock, par value $0.01 per share (the "AVB Common Stock"), of AVB held by the Reporting Person was automatically converted into the right to receive 2.793 (the "Exchange Ratio") common shares of beneficial interest, $0.01 par value per share ("VMRK Common Shares"), of VMRK, plus the right to receive cash in lieu of fractional VMRK Common Shares, if any, into which such AVB Common Stock would have been converted.
- F3. Total reflects the Reporting Person's shares of AVB Common Stock that were converted into VMRK Common Shares pursuant to the Merger and includes restricted shares of VMRK scheduled to vest in the future.
- F4. Pursuant to the Merger Agreement, effective as of the Effective Time, the Reporting Person's options to acquire AVB Common Stock that were outstanding at the Effective Time were converted into the right to receive options to acquire VMRK Common Shares, where the number of VMRK Common Shares subject to such converted option is equal to (i) the number of shares of AVB Common Stock subject to the corresponding AVB option award immediately prior to the Effective Time multiplied by (ii) the Exchange Ratio (rounded down to the nearest whole number of shares), and the exercise price of each converted option award is equal to (A) the exercise price of the corresponding AVB option award immediately prior to the Effective Time divided by (B) the Exchange Ratio (rounded up to the nearest whole cent).
Key Figures
Common shares held: 26,335 shares
Option underlying shares: 6,826 shares
Option exercise price: $64.57 per share
+3 more
6 metrics
Common shares held
26,335 shares
Directly owned VMRK Common Shares of Beneficial Interest following the merger
Option underlying shares
6,826 shares
Underlying VMRK common shares for non-qualified stock option held directly
Option exercise price
$64.57 per share
Exercise price of converted non-qualified stock option after applying exchange ratio
Option expiration date
2031-02-25
Expiration of non-qualified stock option on VMRK common shares
Exchange ratio
2.793
Number of VMRK common shares received per AVB common share at the merger
Merger effective date
2026-08-17
Effective time of the merger of equals between AVB and Vivmark Residential
Key Terms
Agreement and Plan of Merger, Merger of equals, Exchange Ratio, Non-qualified Stock Option, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger, dated as of May 20, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger of equals financial
"AVB and VMRK combined in a merger of equals on August 17, 2026"
A merger of equals is when two companies of similar size and value combine into a single business with shared ownership and leadership, rather than one company buying the other. Investors care because it reshuffles who owns and controls the combined company, aims to cut duplicate costs and strengthen market position, but also brings integration risks that can affect future profits and each company’s stock value.
Exchange Ratio financial
"was automatically converted into the right to receive 2.793 (the "Exchange Ratio")"
The exchange ratio is the number used to decide how many shares of one company you get for each share you own in another company during a merger or acquisition. It’s like a recipe that tells you how to swap shares fairly, ensuring both companies’ values are balanced. This ratio matters because it determines how ownership divides between the companies' shareholders.
Non-qualified Stock Option financial
"Non-qualified Stock Option (Right to Buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
FAQ
What insider ownership did Alaine Susan Walsh report in VMRK/EQR after the merger?
Walsh reported direct ownership of 26,335 VMRK Common Shares of Beneficial Interest, including restricted shares scheduled to vest. This position reflects the automatic conversion of her AvalonBay (AVB) common stock into Vivmark (VMRK) shares under the merger agreement’s 2.793 exchange ratio.
What stock options does Alaine Susan Walsh hold in VMRK/EQR?
Walsh holds a non-qualified stock option for 6,826 VMRK common shares with an exercise price of $64.57 per share, expiring on February 25, 2031. The option was converted from an AvalonBay award using the merger’s specified exchange ratio and price adjustment.
How did the AVB–Vivmark (EQR) merger affect Walsh’s stock options?
At the effective time, each AVB stock option held by Walsh became an option on VMRK common shares. The new option share count equals AVB option shares times 2.793 (rounded down), and the exercise price equals the prior AVB price divided by 2.793 (rounded up).
What was the structure of the AvalonBay–Vivmark (EQR) merger mentioned in this filing?
AvalonBay Communities, Inc. and Vivmark Residential (f/k/a Equity Residential) completed a merger of equals on August 17, 2026. AvalonBay merged into Canopy Merger Sub LLC, which then merged into ERP Operating Limited Partnership, leaving the Operating Partnership as the surviving entity.
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