Equity Residential (EQR) Form 4: Director acquires 1,852 shares

Rhea-AI Filing Summary

Sterrett Stephen E, a director of Equity Residential (EQR), reported an insider purchase on 08/14/2025. He acquired 1,852 common shares through the company's Employee Share Purchase Plan at $53.98 per share. After the transaction he directly beneficially owns 21,275 shares (including restricted shares scheduled to vest) and is an indirect beneficial owner of 23,401 shares held in the Equity Residential Supplemental Executive Retirement Plan (SERP) for his benefit.

Insights

Securities Analyst

TL;DR: Director purchased 1,852 shares via ESPP; modest ownership increase with clear direct and SERP holdings.

The Form 4 shows a routine acquisition under Equity Residential's Employee Share Purchase Plan at $53.98 per share on 08/14/2025. The reporting person holds a mix of direct beneficial ownership, including restricted shares, and indirect ownership through a SERP trust. This is a disclosure of a standard compensation-related purchase rather than a market-timed block trade. The sizes reported (1,852 shares acquired; 21,275 direct; 23,401 indirect) should be evaluated relative to EQR's outstanding shares to judge materiality, which is not provided in this filing.

Corporate Governance Expert

TL;DR: Filing documents compliant insider purchase and clear separation of direct and SERP-held shares.

The Form 4 correctly specifies the reporting persons relationship as a director and discloses the nature of indirect holdings via the SERP trust. The explanation clarifies that direct totals include restricted shares scheduled to vest, which helps interpret the reported direct ownership figure. Signature by an attorney-in-fact is included and dated 08/18/2025, aligning with procedural requirements for timely reporting.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider STERRETT STEPHEN E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares Of Beneficial Interest	1,852	$53.98	$100K
holding	Common Shares Of Beneficial Interest	--	--	--

Holdings After Transaction: Common Shares Of Beneficial Interest — 21,275 shares (Direct); Common Shares Of Beneficial Interest — 23,401 shares (Indirect, SERP Account)

Footnotes (1)

1. Represents shares acquired through Equity Residential's Employee Share Purchase Plan. Direct total includes restricted shares of Equity Residential scheduled to vest in the future. Represents shares owned by Principal Trust Company, as Trustee of the Equity Residential Supplemental Executive Retirement Plan (the "SERP"), for the benefit of the reporting person.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

STERRETT STEPHEN E

(Last) (First) (Middle)

TWO NORTH RIVERSIDE PLAZA, SUITE 400

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EQUITY RESIDENTIAL [ EQR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares Of Beneficial Interest	08/14/2025		A		1,852(1)	A	$53.98	21,275(2)	D
Common Shares Of Beneficial Interest								23,401(3)	I	SERP Account

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares acquired through Equity Residential's Employee Share Purchase Plan.

2. Direct total includes restricted shares of Equity Residential scheduled to vest in the future.

3. Represents shares owned by Principal Trust Company, as Trustee of the Equity Residential Supplemental Executive Retirement Plan (the "SERP"), for the benefit of the reporting person.

	/s/ Samantha Thompson, Attorney-in-fact	08/18/2025
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction did EQR director Sterrett Stephen E report on Form 4?

He reported acquiring 1,852 common shares through the Employee Share Purchase Plan on 08/14/2025 at $53.98 per share.

How many EQR shares does Sterrett Stephen E beneficially own after the reported transaction?

He beneficially owns 21,275 shares directly (including restricted shares) and 23,401 shares indirectly via the SERP trust.

What is the nature of the indirect ownership reported for EQR insider Sterrett Stephen E?

The indirect ownership represents shares held by Principal Trust Company as Trustee of the Equity Residential Supplemental Executive Retirement Plan (SERP) for his benefit.

Who signed the Form 4 and when was it signed?

The form is signed by Samantha Thompson, Attorney-in-fact and dated 08/18/2025.