Vivmark Residential (NYSE: EQR) director holds 5,648 shares after AVB merger
Rhea-AI Filing Summary
EQUITY RESIDENTIAL (EQR), now operating as Vivmark Residential (VMRK), reported the initial holdings of director Conor C. Flynn following a merger of equals with AvalonBay Communities, Inc. (AVB). Mr. Flynn holds 5,648 common shares of beneficial interest of VMRK directly.
These shares represent AVB common stock and deferred stock units previously held by Mr. Flynn that were automatically converted at the merger effective time. Each AVB common share or deferred stock unit was converted into the right to receive 2.793 VMRK common shares, with cash paid in lieu of any fractional VMRK shares.
Positive
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Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Flynn Conor C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares Of Beneficial Interest F1, F2, F3 | -- | -- | -- |
Holdings After Transaction:
Common Shares Of Beneficial Interest — 5,648 shares (Direct)
Footnotes (3)
- F1. Pursuant to the Agreement and Plan of Merger, dated as of May 20, 2026, 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, each issued and outstanding share of common stock, par value $0.01 per share (the "AVB Common Stock"), of AVB and deferred stock unit 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, in the case of AVB Common Stock, 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 and deferred stock units that were converted into VMRK Common Shares pursuant to the Merger.
Key Figures
Director’s VMRK Holdings: 5,648 shares
Exchange Ratio: 2.793
Par Value Per Share: $0.01
3 metrics
Director’s VMRK Holdings
5,648 shares
Common shares of beneficial interest held directly by Conor C. Flynn following the merger
Exchange Ratio
2.793
Number of VMRK common shares received for each AVB common share or deferred stock unit
Par Value Per Share
$0.01
Par value of VMRK common shares of beneficial interest
Key Terms
Agreement and Plan of Merger, merger of equals, deferred stock unit, Exchange Ratio, +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.
deferred stock unit financial
"each issued and outstanding share of common stock ... and deferred stock unit held"
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
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.
FAQ
What does the Form 3 filing reveal about Conor C. Flynn’s holdings in VMRK/EQR?
The filing shows Conor C. Flynn directly holds 5,648 VMRK common shares of beneficial interest. These resulted from the conversion of his AVB common stock and deferred stock units in connection with the merger of equals between AVB and Vivmark Residential.
What was the exchange ratio in the AVB–Vivmark (EQR) merger affecting Flynn’s holdings?
Each AVB common share and deferred stock unit was converted into 2.793 VMRK common shares. In addition, prior AVB common stockholders were entitled to receive cash in lieu of any fractional Vivmark common shares that would otherwise have been issued.
What corporate action involving EQR led to the reporting of Flynn’s VMRK holdings?
An Agreement and Plan of Merger dated May 20, 2026 combined AvalonBay Communities and Vivmark Residential (formerly Equity Residential) in a merger of equals. At the August 17, 2026 effective time, AVB equity converted into VMRK common shares, triggering this initial Form 3 reporting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
