Vivmark director sells 15,700 shares at $63.80
Vivmark Residential (VMRK) director Susan Swanezy reported two transactions.
Rhea-AI Filing Summary
Vivmark Residential (VMRK) director Susan Swanezy reported two transactions. On August 18, 2026 she sold 15,700 common shares at a weighted average price of about $63.80 per share (range $63.79–$63.85), leaving 28,934 common shares directly owned. On August 17, 2026 she received a grant of 2,710 Restricted Units in the operating partnership, which may ultimately be exchangeable one-for-one for Vivmark common shares or cash at the company’s option. These RUs vest on August 17, 2027 and are subject to a holding restriction until August 17, 2028, with an expiration date of August 17, 2036.
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Insights
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Insider Trade Summary
Net Seller: 15,700 shares
Net Sell
2 txns
Insider
Swanezy Susan
Role
Director
Sold
15,700 shs ($1.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares Of Beneficial Interest F1 | 15,700 | $63.80 | $1.00M |
| Grant/Award | Restricted Units F2, F3, F4 | 2,710 | $0.50 | $1K |
Holdings After Transaction:
Restricted Units — 2,710 contracts (Direct);
Common Shares Of Beneficial Interest — 28,934 shares (Direct)
Footnotes (4)
- F1. The price represents the weighted average price of the shares sold. The shares were sold within a range of $63.79 to $63.85. The reporting person will provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2. 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.
- F3. 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.
- F4. 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
Common shares sold: 15,700 shares
Weighted average sale price: $63.80 per share
Shares owned after sale: 28,934 shares
+5 more
8 metrics
Common shares sold
15,700 shares
Sale of common shares of beneficial interest on August 18, 2026
Weighted average sale price
$63.80 per share
Weighted average price, within a $63.79–$63.85 range, for 15,700-share sale
Shares owned after sale
28,934 shares
Directly owned common shares of beneficial interest following August 18, 2026 sale
Restricted Units granted
2,710 units
Grant of Series 2026I Restricted Units on August 17, 2026
Restricted Unit grant price
$0.50 per unit
Transaction price per Restricted Unit for the August 17, 2026 grant
Restricted Units vesting date
August 17, 2027
Scheduled vesting date of the granted Restricted Units
Holding restriction end date
August 17, 2028
End of holding restriction for the Restricted Units and any related OP Units
Restricted Units expiration date
August 17, 2036
Expiration date for the reported Restricted Units grant
Key Terms
Restricted Units, OP Units, weighted average price, holding restriction
4 terms
Restricted Units financial
"the reporting person elected to receive a grant of Series 2026I restricted limited"
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.
weighted average price financial
"The price represents the weighted average price of the shares sold."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
holding restriction financial
"RUs are subject to a holding restriction until August 17, 2028."
FAQ
What insider transactions did VMRK director Susan Swanezy report on this Form 4?
Susan Swanezy reported a sale of 15,700 common shares and a grant of 2,710 Restricted Units. The sale occurred on August 18, 2026, and the RU grant was made on August 17, 2026 as part of long-term compensation.
What are the key terms of the 2,710 Restricted Units granted to Susan Swanezy at VMRK?
She was granted 2,710 Restricted Units on August 17, 2026, scheduled to vest on August 17, 2027. These units are subject to a holding restriction until August 17, 2028 and have an expiration date of August 17, 2036.
How can the Restricted Units granted to Susan Swanezy at VMRK ultimately be settled?
The Restricted Units convert into OP Units, which are exchangeable one-for-one for Vivmark common shares or the cash value of those shares. Settlement form is at the company’s option, subject to vesting and other restrictions described in the grant.
Are the 2,710 Restricted Units for VMRK immediately tradable by Susan Swanezy?
No. The 2,710 Restricted Units vest on August 17, 2027 and are then subject to a holding restriction until August 17, 2028. Only after vesting and the holding period can they be exchanged, subject to grant terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
