Equity Residential (NYSE: EQR) EVP gets new share and unit awards

Rhea-AI Filing Summary

Equity Residential EVP and Chief Investment Officer Robert Garechana reported new equity awards and updated holdings. On January 16, 2026, he acquired 11,020 restricted common shares of beneficial interest at a price of $0, issued in connection with the Company’s 2023 Long-Term Incentive Plan and scheduled to vest on February 9, 2026. Following this, he directly held 25,132 common shares, which include restricted shares scheduled to vest in the future, plus 169 shares in an Equity Residential 401(k) plan and 7,093 shares in a Supplemental Executive Retirement Plan account. He was also granted 11,471 restricted units in the ERP Operating Limited Partnership, which are scheduled to vest on February 9, 2026 and are ultimately exchangeable into an equal number of common shares or cash, subject to tax and vesting conditions.

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

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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^*

Garechana Robert

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Investment Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026

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	01/16/2026		A		11,020(1)	A	$0	25,132(2)	D
Common Shares Of Beneficial Interest								169(3)	I	401(k) Plan
Common Shares Of Beneficial Interest								7,093(4)	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
Restricted Units(5)	(6)	01/16/2026		A		11,471		(7)	01/01/2033	Common Shares Of Beneficial Interest	11,471	$0	11,471	D

Explanation of Responses:

1. Represents restricted shares of Equity Residential (the "Company") issued in connection with the settlement of an award under the Company's 2023 Long-Term Incentive Plan which are scheduled to vest on February 9, 2026.

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

3. Represents shares acquired through profit sharing contributions and dividend reinvestment activity in the reporting person's account with the Equity Residential Advantage 401(k) Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through January 16, 2026.

4. 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.

5. Represents restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "Operating Partnership"), the operating partnership of Equity Residential (the "Company"), retained in connection with the settlement of an award under the Company's 2023 Long-Term Incentive Plan.

6. RUs are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the Operating Partnership ("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 conditions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or 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.

7. The RUs are scheduled to vest on February 9, 2026.

	/s/ Samantha Thompson, Attorney-in-fact	01/21/2026
	** 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).
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FAQ

What insider activity did Equity Residential (EQR) report for Robert Garechana?

Equity Residential reported that EVP and Chief Investment Officer Robert Garechana acquired 11,020 restricted common shares and 11,471 restricted units on January 16, 2026 as part of long-term incentive awards.

How many Equity Residential shares does Robert Garechana hold after this Form 4?

After the reported transactions, Robert Garechana directly held 25,132 common shares, plus 169 shares in an Equity Residential 401(k) plan and 7,093 shares in a Supplemental Executive Retirement Plan account.

What are the vesting dates for Robert Garechana’s new Equity Residential awards?

The 11,020 restricted common shares and the 11,471 restricted units reported are scheduled to vest on February 9, 2026, subject to the grant’s vesting requirements and other conditions.

What are the restricted units reported in Robert Garechana’s Equity Residential filing?

The 11,471 restricted units are restricted limited partnership interests in ERP Operating Limited Partnership that can automatically convert into OP Units and, subject to conditions, are exchangeable one-for-one into Equity Residential common shares or cash at the Company’s option.

Were the Equity Residential shares reported by Robert Garechana purchased for cash?

No. Both the 11,020 restricted common shares and the 11,471 restricted units show a price of $0, reflecting awards granted in connection with Equity Residential’s 2023 Long-Term Incentive Plan.

What retirement-related Equity Residential holdings does Robert Garechana report?

He reports 169 common shares held in an Equity Residential Advantage 401(k) Retirement Savings Plan and 7,093 shares held by Principal Trust Company as trustee of the Supplemental Executive Retirement Plan for his benefit.