Vivmark director granted 2,710 restricted units
Rhea-AI Filing Summary
VIVMARK RESIDENTIAL (VMRK) reported that director Angela M Aman received a grant of 2,710 Series 2026I Restricted Units (RUs) in ERP Operating Limited Partnership, the operating partnership of Vivmark Residential, as long-term compensation for prospective service from August 17, 2026 to the 2027 Annual Meeting of Shareholders. These RUs, granted at $0.00 per unit, will automatically convert into an equal number of OP Units if a specified tax-related capital account target is reached within ten years, and are scheduled to vest on August 17, 2027. Subject to vesting and other restrictions, OP Units are exchangeable on a one-for-one basis for Vivmark common shares or their cash value at the company’s option, and the RUs (including any OP Units) are subject to a holding restriction until August 17, 2028. Following this grant, Aman directly holds 2,710 RUs/underlying common share equivalents.
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Insider Trade Summary
Grant/Award: 2,710 shares
Grant/Award
1 txn
Insider
Aman Angela M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Units F1, F2, F3 | 2,710 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Units — 2,710 contracts (Direct)
Footnotes (3)
- F1. On August 17, 2026, the reporting person elected to receive a grant of Series 2026I restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), the operating partnership of Vivmark Residential (the "Company"), in connection with the Company's grant of long-term compensation for prospective service from August 17, 2026 to the 2027 Annual Meeting of Shareholders.
- F2. 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.
- F3. The RUs are scheduled to vest on August 17, 2027. In addition, the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until August 17, 2028.
Key Figures
Restricted Units granted: 2,710 units
Grant price: $0.00 per unit
Units after transaction: 2,710 units
+4 more
7 metrics
Restricted Units granted
2,710 units
Series 2026I RUs granted to director on August 17, 2026 as long-term compensation
Grant price
$0.00 per unit
Award of 2,710 Restricted Units to director as a non-cash compensation grant
Units after transaction
2,710 units
Total RUs/underlying common share equivalents held directly by the reporting person after the grant
Vesting date
August 17, 2027
Scheduled vesting date for the 2,710 Restricted Units granted to the director
Holding restriction end date
August 17, 2028
Date until which the RUs and any OP Units are subject to a holding restriction
RU conversion window
10 years
Period within which RUs must reach a specified capital account target to automatically convert to OP Units
Expiration date
August 17, 2036
Expiration date reported for the Restricted Units derivative award
Key Terms
Restricted Units, limited partnership interests, OP Units, holding restriction, +1 more
5 terms
Restricted Units financial
"the reporting person elected to receive a grant of Series 2026I restricted limited partnership interests"
limited partnership interests financial
"Series 2026I restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership"
An ownership stake in a limited partnership gives an investor the role of a limited partner who provides capital but does not run day-to-day operations; a separate general partner manages the business. It matters because limited partners share profits, losses, and tax benefits but generally cannot lose more than they invested and have little control or liquidity—think of it like quietly funding a small business while someone else manages it, with potential return and risk tied to the venture’s performance.
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.
holding restriction financial
"the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction"
capital account financial
"when the capital account related to the RUs reaches a specified target for federal income tax purposes"
FAQ
What insider transaction did VMRK report for Angela M Aman on August 17, 2026?
Vivmark Residential (VMRK) reported that director Angela M Aman received a grant of 2,710 Series 2026I Restricted Units (RUs) in its operating partnership on August 17, 2026 as long-term compensation for service through the 2027 Annual Meeting.
What are the vesting terms of the Restricted Units granted at VMRK?
The 2,710 RUs granted to the Vivmark Residential director are scheduled to vest on August 17, 2027. Until vesting and satisfaction of other conditions, the units remain subject to the award’s restrictions and may not be freely exchanged.
Is there a holding period on the Vivmark Residential (VMRK) Restricted Units after vesting?
Yes. The RUs, including any OP Units into which they may convert, are subject to a holding restriction until August 17, 2028. This restricts transfers or exchanges of the interests even after vesting, extending the effective lockup period.
At what price were the 2,710 Restricted Units granted at VMRK?
The 2,710 Restricted Units granted to the Vivmark Residential director were awarded at a price of $0.00 per unit, reflecting a compensation grant rather than an open-market purchase, and increasing the director’s direct derivative holdings to 2,710 units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
