Vivmark EVP gains 4,584 restricted shares
VIVMARK RESIDENTIAL (symbol: VMRK) is the issuer of record for a Form 4 filing submitted to the SEC.
Rhea-AI Filing Summary
VIVMARK RESIDENTIAL (symbol: VMRK) is the issuer of record for a Form 4 filing submitted to the SEC. Fenster Scott reported acquisition or exercise transactions in this Form 4 filing.
VIVMARK RESIDENTIAL (VMRK) reported that EVP & General Counsel Scott Fenster received equity-based compensation on August 31, 2026. He was granted 4,584 restricted common shares, which are scheduled to vest on January 3, 2028, and now directly holds 23,022 common shares, including unvested restricted shares. He also received 9,233, 4,792 and 14,397 Restricted Units (RUs) in the operating partnership under the company’s 2024, 2025 and 2026 Long-Term Incentive Plans, scheduled to vest in 2027, 2028 and 2029, respectively, each ultimately exchangeable into an equal number of common shares or cash, at the company’s option. Indirect holdings include 360 common shares in a 401(k) plan and 28,514 common shares in a revocable trust, both beneficially owned by Fenster. No Rule 10b5-1 trading plan is reported for these awards.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 33,006 shares
Grant/Award
6 txns
Insider
Fenster Scott
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Units F5, F6, F7 | 9,233 | $0.00 | $0.00 |
| Grant/Award | Restricted Units F8, F6, F9 | 4,792 | $0.00 | $0.00 |
| Grant/Award | Restricted Units F10, F6, F11 | 14,397 | $0.00 | $0.00 |
| Grant/Award | Common Shares Of Beneficial Interest F1, F2 | 4,584 | $0.00 | $0.00 |
| holding | Common Shares Of Beneficial Interest F3 | -- | -- | -- |
| holding | Common Shares Of Beneficial Interest F4 | -- | -- | -- |
Holdings After Transaction:
Restricted Units — 28,422 contracts (Direct);
Common Shares Of Beneficial Interest — 23,022 shares (Direct);
Common Shares Of Beneficial Interest — 360 shares (Indirect, 401(k) Plan);
Common Shares Of Beneficial Interest — 28,514 shares (Indirect, Revocable Trust)
Footnotes (11)
- F1. Represents restricted shares of Vivmark Residential (formerly known as Equity Residential) (the "Company") issued in connection with the settlement of an award under the Company's 2025 Long-Term Incentive Plan which are scheduled to vest on January 3, 2028.
- F2. Direct total includes restricted shares of the Company scheduled to vest in the future.
- F3. Represents shares acquired through profit sharing contributions and dividend reinvestment activity in the reporting person's account with the Equity Residential Advantage 401(k) Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through July 16, 2026.
- F4. Represents shares beneficially owned by a trust for the benefit of the reporting person.
- F5. Represents restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "Operating Partnership"), the operating partnership of the Company, retained in connection with the settlement of an award under the Company's 2024 Long-Term Incentive Plan.
- F6. RUs are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the Operating Partnership ("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 conditions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or 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.
- F7. The RUs are scheduled to vest on January 4, 2027.
- F8. Represents RUs in the Operating Partnership retained in connection with the settlement of an award under the Company's 2025 Long-Term Incentive Plan.
- F9. The RUs are scheduled to vest on January 3, 2028.
- F10. Represents RUs in the Operating Partnership retained in connection with the settlement of an award under the Company's 2026 Long-Term Incentive Plan.
- F11. The RUs are scheduled to vest on January 2, 2029.
Key Figures
Restricted common shares granted: 4,584 shares
Direct common shares after grant: 23,022 shares
Restricted Units from 2024 LTIP: 9,233 RUs
+4 more
7 metrics
Restricted common shares granted
4,584 shares
Restricted common shares issued in settlement of a 2025 Long-Term Incentive Plan award, vesting January 3, 2028
Direct common shares after grant
23,022 shares
Direct holdings of common shares of beneficial interest following August 31, 2026 grant, including unvested restricted shares
Restricted Units from 2024 LTIP
9,233 RUs
Restricted Units in ERP Operating Limited Partnership retained under the 2024 Long-Term Incentive Plan, vesting January 4, 2027
Restricted Units from 2025 LTIP
4,792 RUs
Restricted Units retained under the 2025 Long-Term Incentive Plan, vesting January 3, 2028
Restricted Units from 2026 LTIP
14,397 RUs
Restricted Units retained under the 2026 Long-Term Incentive Plan, vesting January 2, 2029
Indirect 401(k) common shares
360 shares
Common shares acquired in the Equity Residential Advantage 401(k) Retirement Savings Plan through July 16, 2026
Indirect revocable trust common shares
28,514 shares
Common shares beneficially owned by a revocable trust for the benefit of the reporting person
Key Terms
Restricted Units, RUs, OP Units, Common Shares Of Beneficial Interest, +2 more
6 terms
Restricted Units financial
"Represents restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership"
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 Operating Partnership ("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.
401(k) Retirement Savings Plan financial
"Equity Residential Advantage 401(k) Retirement Savings Plan, a plan qualified under Section 401(k)"
Long-Term Incentive Plan financial
"settlement of an award under the Company's 2025 Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
What equity awards did VMRK grant to Scott Fenster on August 31, 2026?
On August 31, 2026, Scott Fenster received 4,584 restricted common shares of Vivmark Residential and grants of 9,233, 4,792, and 14,397 Restricted Units (RUs) in the operating partnership under the 2024, 2025 and 2026 Long-Term Incentive Plans.
What indirect Vivmark Residential (VMRK) holdings does Scott Fenster report?
Scott Fenster reports indirect ownership of 360 common shares through a 401(k) retirement savings plan and 28,514 common shares held by a revocable trust for his benefit. Both positions are disclosed as beneficially owned indirect holdings.
Were Scott Fenster’s VMRK equity awards made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for these August 31, 2026 equity awards to Scott Fenster.
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