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Equity Residential (NYSE: EQR) grants 3,561 Restricted Units to director

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

Rhea-AI Filing Summary

Equity Residential director Huque Tahsinul Zia received a grant of 3,561 Restricted Units in ERP Operating Limited Partnership as part of the company’s 2026 annual long-term compensation program. These Restricted Units are scheduled to vest on June 18, 2027 and represent prospective service from the 2026 Annual Meeting of Shareholders.

The Restricted Units automatically convert into an equal number of OP Units when a specified tax-related capital account target is met 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. The units, including any OP Units into which they convert, are subject to a holding restriction until June 18, 2028, and Zia holds 3,561 units directly after this award.

Positive

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Insider Huque Tahsinul Zia
Role null
Type Security Shares Price Value
Grant/Award Restricted Units 3,561 $0.00 --
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 Grant of Series 2026C Restricted Units on June 18, 2026
Transaction price per unit $0.0000 Grant price for Restricted Units
Units held after grant 3,561 units Total Restricted Units directly held following transaction
Underlying common shares 3,561 shares Common Shares of Beneficial Interest underlying the units
Vesting date June 18, 2027 Scheduled vesting of Restricted Units
Holding restriction end June 18, 2028 End of holding restriction on RUs and OP Units
RU conversion window 10 years Period to reach capital account target for automatic conversion
Expiration date June 18, 2036 Expiration date reported for derivative Restricted Units
Restricted Units financial
"the reporting person elected to receive a grant of Series 2026C restricted limited partnership interests ("RUs")"
ERP Operating Limited Partnership 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")"
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.
capital account financial
"when the capital account related to the RUs reaches a specified target for federal income tax purposes"
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."
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FAQ

What insider transaction did Equity Residential (EQR) report for Huque Tahsinul Zia?

Equity Residential reported that director Huque Tahsinul Zia received 3,561 Restricted Units as long-term compensation. The grant was made on June 18, 2026, in ERP Operating Limited Partnership and is tied to prospective service from the 2026 Annual Meeting of Shareholders.

How many units did Huque Tahsinul Zia receive in the latest EQR Form 4?

Huque Tahsinul Zia received 3,561 Restricted Units in the recent filing. These units represent a grant of long-term equity-based compensation and bring Zia’s directly held Restricted Units position to 3,561 following the transaction, according to the reported post-transaction holdings.

When do Huque Tahsinul Zia’s Equity Residential Restricted Units vest and become transferable?

The Restricted Units granted to Huque Tahsinul Zia are scheduled to vest on June 18, 2027. In addition, the units, including any OP Units into which they may convert, are subject to a holding restriction until June 18, 2028, limiting transferability until that date.

How can Huque Tahsinul Zia’s Restricted Units ultimately relate to Equity Residential common shares?

The Restricted Units automatically convert into OP Units once a specified tax-related capital account target is reached within ten years. Subject to vesting and restrictions, those OP Units can be exchanged one-for-one for Equity Residential common shares or their cash value, at the company’s option.

What is the economic cost reported for Huque Tahsinul Zia’s EQR Restricted Unit grant?

The filing lists a transaction price of $0.0000 per Restricted Unit for Huque Tahsinul Zia’s grant. This indicates the award is a compensation-based equity grant rather than an open-market purchase, with value tied to future OP Unit and common share exchange mechanics.
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*
Huque Tahsinul Zia

(Last)(First)(Middle)
TWO NORTH RIVERSIDE PLAZA STE 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$03,561D
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)