Vivmark director sells 8,000 shares, gets RU grant
Vivmark Residential (VMRK) director Charles E. Mueller Jr. reported two transactions.
Rhea-AI Filing Summary
Vivmark Residential (VMRK) director Charles E. Mueller Jr. reported two transactions. On August 18, 2026, he sold 8,000 common shares of beneficial interest at a weighted average price of $63.90 per share (range $63.85–$63.97), leaving him with 16,084 directly held common shares. On August 17, 2026, he received a grant of 2,710 Restricted Units (RUs) of ERP Operating Limited Partnership at $0.50 per unit, which are scheduled to vest on August 17, 2027 and are subject to a holding restriction until August 17, 2028. The RUs may automatically convert into OP Units and, subject to conditions, become exchangeable one-for-one for Vivmark common shares or their cash value at the company’s option.
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Insights
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Insider Trade Summary
Net Seller: 8,000 shares
Net Sell
2 txns
Insider
MUELLER CHARLES E JR
Role
Director
Sold
8,000 shs ($511K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares Of Beneficial Interest F1 | 8,000 | $63.90 | $511K |
| 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 — 16,084 shares (Direct)
Footnotes (4)
- F1. The price represents the weighted average price of the shares sold. The shares were sold within a range of $63.85 to $63.97. 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
Shares sold: 8,000 shares
Weighted average sale price: $63.90 per share
Shares held after sale: 16,084 shares
+5 more
8 metrics
Shares sold
8,000 shares
Common Shares of Beneficial Interest sold by director on August 18, 2026
Weighted average sale price
$63.90 per share
Sale of 8,000 common shares; trades ranged from $63.85 to $63.97
Shares held after sale
16,084 shares
Director’s directly held common shares following the August 18, 2026 sale
Restricted Units granted
2,710 units
Series 2026I Restricted Units granted on August 17, 2026 as long-term compensation
RU grant price
$0.50 per unit
Per-unit value for 2,710 Restricted Units granted to the director
RU vesting date
August 17, 2027
Scheduled vesting date for the granted Restricted Units
RU holding restriction end
August 17, 2028
End of holding restriction on RUs and related OP Units
RU conversion window
10 years
RUs convert into OP Units if a tax capital account target is reached within ten years
Key Terms
Restricted Units, OP Units, holding restriction, weighted average price
4 terms
Restricted Units financial
"elected to receive a grant of Series 2026I restricted limited partnership interests ("RUs")"
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
"RUs ... are subject to a holding restriction until August 17, 2028"
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.
FAQ
What insider transactions did VMRK director Charles E. Mueller Jr. report on this Form 4?
He reported a sale of 8,000 common shares on August 18, 2026 and an award of 2,710 Restricted Units on August 17, 2026. The sale was of existing shares; the RUs are a long-term compensation grant.
What are the key terms of the 2,710 Restricted Units granted to the VMRK director?
He received 2,710 Restricted Units on August 17, 2026 at $0.50 per unit. They are scheduled to vest on August 17, 2027 and are subject to a holding restriction until August 17, 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.
