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Equity Residential (EQR) grants new stock options to board chair

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

Rhea-AI Filing Summary

Equity Residential director David J. Neithercut, Chairman of the Board, reported receiving two grants of non-qualified stock options. Each grant covers rights to buy common shares of beneficial interest at an exercise price of $64.09 per share, with options for 23,281 and 27,716 underlying shares. Both option grants were awarded at no cost per option and are intended as compensation for prospective service from the 2026 Annual Meeting of Shareholders. The options become exercisable starting on June 18, 2027 and are scheduled to expire on June 18, 2036.

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Insider NEITHERCUT DAVID J
Role null
Type Security Shares Price Value
Grant/Award Non-qualified Stock Option (Right to Buy) 27,716 $0.00 --
Grant/Award Non-qualified Stock Option (Right to Buy) 23,281 $0.00 --
Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 27,716 shares (Direct, null)
Footnotes (1)
  1. [object Object]
First option grant size 23,281 options Non-qualified stock option covering common shares
Second option grant size 27,716 options Non-qualified stock option covering common shares
Exercise price $64.09 per share Exercise price for both non-qualified stock option grants
Exercise date June 18, 2027 Start date when granted options become exercisable
Expiration date June 18, 2036 Expiration date for both option grants
Non-qualified Stock Option financial
"Non-qualified Stock Option (Right to Buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
exercise price financial
"conversion_or_exercise_price: 64.0900"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2036-06-18T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Common Shares Of Beneficial Interest financial
"underlying_security_title: Common Shares Of Beneficial Interest"
Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.
Annual Meeting of Shareholders financial
"service from the 2026 Annual Meeting of Shareholders"
A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.
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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*
NEITHERCUT DAVID J
(Last)(First)(Middle)
TWO NORTH 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)XOther (specify below)
Chairman of the Board
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
Non-qualified Stock Option (Right to Buy)$64.0906/18/2026A27,716(1)06/18/202706/18/2036Common Shares Of Beneficial Interest27,716$027,716D
Non-qualified Stock Option (Right to Buy)$64.0906/18/2026A23,281(1)06/18/202706/18/2036Common Shares Of Beneficial Interest23,281$023,281D
Explanation of Responses:
1. Represents share options granted for prospective service from the 2026 Annual Meeting of Shareholders.
/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 did Equity Residential (EQR) report in this Form 4?

Equity Residential reported option grants to its board chairman. David J. Neithercut received two non-qualified stock option awards, each tied to common shares, as part of his compensation for future board service beginning with the 2026 Annual Meeting.

How many stock options did David J. Neithercut receive from Equity Residential (EQR)?

David J. Neithercut received two separate option grants. One grant covers 23,281 underlying common shares and the other covers 27,716 underlying common shares, both structured as non-qualified stock options with identical terms and pricing.

What is the exercise price of the new Equity Residential (EQR) options?

The new options have an exercise price of $64.09 per share. This exercise price applies to both non-qualified stock option grants and sets the cost at which Neithercut can purchase common shares if he exercises the awards.

When do the new Equity Residential (EQR) options become exercisable and when do they expire?

The options become exercisable on June 18, 2027 and expire June 18, 2036. This gives Neithercut a long-term window to exercise the non-qualified stock options after they vest under the grant terms.

Why were these Equity Residential (EQR) options granted to David J. Neithercut?

The options were granted for prospective board service. A footnote states they represent share options granted for service from the 2026 Annual Meeting of Shareholders, aligning compensation with Neithercut’s future role as Chairman.

Did David J. Neithercut buy or sell Equity Residential (EQR) shares in this filing?

No open-market buys or sells were reported. The Form 4 shows only grant-type acquisitions of non-qualified stock options, with no transactions marked as purchases or sales of common shares in the market.