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Equity Residential (NYSE: EQR) grants director Chris Carr 3,561 restricted units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Equity Residential director Chris Carr received a grant of equity-based compensation. On June 18, 2026, Carr was awarded 3,561 Series 2026C restricted limited partnership interests (RUs) in ERP Operating Limited Partnership in connection with the company’s annual long-term compensation grant for prospective board service.

The RUs are a class of partnership interest that may automatically convert into an equal number of OP Units when a tax-related capital account target is reached within ten years. Subject to vesting and other restrictions, OP Units can be exchanged on a one-for-one basis for Equity Residential common shares or their cash value, at the company’s option. These RUs are scheduled to vest on June 18, 2027, and are subject to a holding restriction until June 18, 2028.

Positive

  • None.

Negative

  • None.
Insider Carr Chris
Role null
Type Security Shares Price Value
Grant/Award Restricted Units 3,561 $0.50 $2K
Holdings After Transaction: Restricted Units — 3,561 shares (Direct, null)
Footnotes (1)
  1. On June 18, 2026, the reporting person elected to receive a grant of Series 2026C restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), the OP of Equity Residential (the "Company"), in connection with the Company's annual grant of long-term compensation for prospective service from the 2026 Annual Meeting of Shareholders. 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. The RUs are scheduled to vest on June 18, 2027. In addition, the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until June 18, 2028.
Restricted units granted 3,561 units Series 2026C RUs granted on June 18, 2026
Grant price per unit $0.5000 per unit Reported transaction price for restricted units
Units underlying common shares 3,561 shares Underlying Equity Residential common shares on one-for-one basis
Vesting date June 18, 2027 Scheduled vesting of RUs
Holding restriction end June 18, 2028 End of holding restriction on RUs and any OP Units
Expiration date June 18, 2036 Expiration date for the restricted units
Restricted Units financial
"The reporting person elected to receive a grant of Series 2026C restricted limited partnership interests ("RUs")"
restricted limited partnership interests financial
"a grant of Series 2026C restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership"
OP Units financial
"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"
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
holding restriction financial
"The RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until June 18, 2028."
long-term compensation financial
"in connection with the Company's annual grant of long-term compensation for prospective service"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Carr Chris
(Last)(First)(Middle)
TWO N. RIVERSIDE PLAZA
SUITE 400
(Street)
CHICAGO ILLINOIS 60606
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EQUITY RESIDENTIAL [ EQR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Units(1)(2)06/18/2026A3,561 (3)06/18/2036Common Shares Of Beneficial Interest3,561$0.53,561D
Explanation of Responses:
1. On June 18, 2026, the reporting person elected to receive a grant of Series 2026C restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), the OP of Equity Residential (the "Company"), in connection with the Company's annual grant of long-term compensation for prospective service from the 2026 Annual Meeting of Shareholders.
2. 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.
3. The RUs are scheduled to vest on June 18, 2027. In addition, the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until June 18, 2028.
/s/ Samantha Thompson, Attorney-in-fact06/23/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did EQUITY RESIDENTIAL (EQR) report for Chris Carr?

Equity Residential reported that director Chris Carr received 3,561 restricted units on June 18, 2026 as a long-term compensation grant tied to prospective board service starting from the 2026 Annual Meeting of Shareholders.

How many Equity Residential restricted units did Chris Carr acquire in this Form 4?

Chris Carr acquired 3,561 Series 2026C restricted limited partnership interests, or RUs. These represent equity-linked compensation that can ultimately be tied to common shares, subject to conversion mechanics, vesting conditions, and specified holding restrictions.

When do Chris Carr’s Equity Residential restricted units vest and become unrestricted?

The restricted units granted to Chris Carr are scheduled to vest on June 18, 2027. Even after vesting, they remain subject to a holding restriction until June 18, 2028, limiting when they can be exchanged for OP Units or common shares or cash.

What are RUs and OP Units in the Equity Residential (EQR) Form 4 filing?

RUs are restricted limited partnership interests in ERP Operating Limited Partnership that can automatically convert into OP Units if a tax-based capital account target is met. OP Units are then exchangeable for Equity Residential common shares or their cash value, at the company’s option.

Does this Equity Residential Form 4 show a stock sale by Chris Carr?

No, the Form 4 shows an acquisition of derivative securities as compensation, not an open-market stock sale. It records a grant of 3,561 restricted units, with no indicated buying or selling of existing Equity Residential common shares.

What is the holding restriction on Chris Carr’s Equity Residential restricted units?

The restricted units, including any OP Units they become, are subject to a holding restriction until June 18, 2028. This means Carr cannot freely exchange them for Equity Residential common shares or cash until after that date, even once vested.