Form 4: Equity Residential Director Mary Kay Haben Reports Changes in Beneficial Ownership

Director Mary Kay Haben reports acquisition and disposal of Equity Residential shares, including restricted shares granted for future service and shares held in a SERP account.

Summary

• Mary Kay Haben, a director of Equity Residential, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On June 20, 2024, she acquired 3,095 common shares of beneficial interest at $0, representing restricted shares granted for prospective service.
• She also disposed of shares, with a total of 9,952 shares directly owned following the reported transactions.
• Additionally, she indirectly owns 20,339 shares through the Equity Residential Supplemental Executive Retirement Plan (SERP).
• The restricted shares are scheduled to vest on June 20, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the filing reflects standard compensation practices and alignment of director interests with the company.

Positives

• The acquisition of restricted shares indicates continued alignment of the director's interests with the company's long-term performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of restricted shares in 2025 suggests continued service by the director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies, ensuring transparency in insider trading.
• The reported transactions are typical for directors receiving stock-based compensation.

Related Party Transactions

• The SERP account is a related party transaction.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership.

Key Dates