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Vivmark GC granted 24K restricted units vesting 2029

VIVMARK RESIDENTIAL (VMRK) reported that EVP & General Counsel Scott Fenster received a grant of 24,019 Restricted Units (RUs) on August 17, 2026.

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

Rhea-AI Filing Summary

VIVMARK RESIDENTIAL (VMRK) reported that EVP & General Counsel Scott Fenster received a grant of 24,019 Restricted Units (RUs) on August 17, 2026. These RUs are restricted limited partnership interests in ERP Operating Limited Partnership, granted in lieu of restricted shares of Vivmark Residential. The RUs may automatically convert into an equal number of OP Units if a specified tax-related capital account target is reached within ten years; subject to vesting and other conditions, OP Units are exchangeable one-for-one for common shares of the company or cash, at the company’s option. The RUs are scheduled to vest on August 17, 2029, and following this grant Fenster directly holds 24,019 RUs (including any OP Units into which they convert).

Positive

  • None.

Negative

  • None.
Insider Fenster Scott
Role EVP & General Counsel
Type Security Shares Price Value
Grant/Award Restricted Units F1, F2, F3 24,019 $0.00 $0.00
Holdings After Transaction: Restricted Units — 24,019 contracts (Direct)
Footnotes (3)
  1. F1. On August 17, 2026, the Reporting Person received a grant of restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP") the operating partnership of Vivmark Residential (the "Company"), in lieu of restricted shares of the Company.
  2. 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.
  3. F3. The RUs are scheduled to vest on August 17, 2029.
Restricted Units granted 24,019 units Grant of Restricted Units to EVP & General Counsel on August 17, 2026
Transaction price per Restricted Unit $0.0000 Compensatory grant, not a market purchase
Underlying common shares 24,019 shares Each RU (via OP Units) ultimately exchangeable one-for-one for common shares, subject to conditions
Post-transaction holdings 24,019 units Total Restricted Units (including any OP Units from conversion) held directly after grant
RUs vesting date August 17, 2029 Scheduled vesting date for the granted Restricted Units
Automatic conversion deadline 10 years RUs convert to OP Units if capital account target is reached within ten years of issuance
Derivative expiration date August 17, 2036 Expiration date reported for the Restricted Units as a derivative security
restricted limited partnership interests financial
"received a grant of restricted limited partnership interests ("RUs") in ERP Operating"
RUs financial
"RUs are a class of partnership interest that automatically convert into an equal"
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"
vesting requirements financial
"Subject to the vesting requirements of the grant and certain other restrictions"

FAQ

What insider transaction did VMRK report for Scott Fenster on August 17, 2026?
Vivmark Residential reported that Scott Fenster, EVP & General Counsel, received a grant of 24,019 Restricted Units (RUs) on August 17, 2026 as equity compensation, with these interests tied to its operating partnership.

How many Restricted Units did the Vivmark Residential (VMRK) executive receive?
The Vivmark Residential executive received a grant of 24,019 Restricted Units (RUs). These RUs are restricted limited partnership interests in ERP Operating Limited Partnership and may convert into OP Units, which are ultimately exchangeable for common shares or cash, subject to conditions.

When do the granted Restricted Units for VMRK’s EVP & General Counsel vest?
The granted Restricted Units are scheduled to vest on August 17, 2029. Vesting must occur before the units can fully deliver value, and additional restrictions and exchange mechanics described in the partnership and company arrangements still apply.

Can Vivmark Residential (VMRK) Restricted Units be exchanged for common shares?
The Restricted Units may automatically convert into OP Units and, subject to vesting and other restrictions, OP Units are exchangeable one-for-one for Vivmark Residential common shares or the cash value of those shares, at the company’s option.

What is the economic value per Restricted Unit in the reported VMRK Form 4 transaction?
The Form 4 lists a transaction price of $0.0000 per Restricted Unit, reflecting a compensatory grant rather than a market purchase. Any eventual economic value depends on vesting, conversion to OP Units, and future share or cash exchange outcomes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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*
Fenster Scott
(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
VIVMARK RESIDENTIAL [ VMRK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026		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)08/17/2026A24,019 (3)08/17/2036Common Shares Of Beneficial Interest24,019$024,019D
Explanation of Responses:
1. On August 17, 2026, the Reporting Person received a grant of restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP") the operating partnership of Vivmark Residential (the "Company"), in lieu of restricted shares of the Company.
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 August 17, 2029.
/s/ Samantha Thompson, Attorney-in-fact08/19/2026
** 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