Chris Carr awarded 2,971 Equity Residential restricted shares vesting in 2026

Rhea-AI Filing Summary

Equity Residential director Chris Carr received a grant of 2,971 restricted common shares recorded on 08/07/2025. The award was granted for prospective service from July 24, 2025 through the 2026 Annual Meeting of Shareholders and is scheduled to vest on 08/07/2026. The filing lists these as direct holdings and notes the reported total direct ownership includes restricted shares that will vest in the future.

This Form 4 discloses a compensatory equity grant to a board member rather than a market purchase or sale and shows no derivative transactions reported. The disclosure identifies the grant amount and the one-year vesting schedule but provides no additional terms such as forfeiture conditions or sale restrictions.

Insights

Corporate Governance Expert

TL;DR: Director received a routine restricted-share grant of 2,971 shares vesting in one year for prospective service.

The Form 4 documents a standard board compensation event: a restricted equity award to a director tied to service through the next annual meeting. The filing specifies the grant size (2,971 common shares), the service period beginning July 24, 2025, and a vesting date of August 7, 2026. No derivative securities or alternative compensation arrangements are reported, and the report treats the shares as direct beneficial ownership that will vest in the future.

Securities Analyst

TL;DR: Form 4 shows a compensatory equity issuance to a director; transaction is an award, not a market trade.

The filing identifies Chris Carr as the reporting person and a director of Equity Residential. The entry in Table I records an acquisition code for 2,971 common shares on 08/07/2025 with a scheduled vesting on 08/07/2026. Table II reports no derivative activity. The disclosure is specific about quantity and vesting timing but does not include price, sale restrictions, or tax withholding details.

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^*

Carr Chris

(Last) (First) (Middle)

TWO N. 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)
08/07/2025

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	08/07/2025		A		2,971(1)	A	$0	2,971(2)	D

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 restricted shares granted for prospective service from July 24, 2025 to the 2026 Annual Meeting of Shareholders which are scheduled to vest on August 7, 2026.

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

	/s/ Samantha Thompson, Attorney-in-fact	08/11/2025
	** 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 transaction did EQR disclose for Chris Carr on the Form 4?

The Form 4 reports a grant of 2,971 restricted common shares to Chris Carr recorded on 08/07/2025.

When do the restricted shares granted to Chris Carr vest?

The restricted shares are scheduled to vest on 08/07/2026, covering service through the 2026 Annual Meeting.

How is Chris Carr identified in the filing for EQR?

The filing lists the reporting person as Chris Carr and indicates his relationship to the issuer as a Director.

Does the Form 4 show any derivative transactions for EQR by Chris Carr?

No. Table II of the Form 4 contains no derivative securities reported for Chris Carr.

Does the filing state whether the restricted shares are included in direct ownership totals?

Yes. The filing notes that the direct total includes restricted shares of Equity Residential that are scheduled to vest in the future.