Form 4: Equity Residential Executive Vice President Michael Manelis Reports Stock Transactions
SEC Form 4
Executive Vice President and COO of Equity Residential, Michael Manelis, reports acquisition and disposal of company stock and restricted units.
Summary
- Michael Manelis, Executive Vice President & COO of Equity Residential, filed a Form 4 detailing changes in beneficial ownership.
- On February 5, 2025, Manelis acquired 6,070 common shares of beneficial interest at $0 and 19,313 restricted units (RUs) scheduled to vest on February 5, 2028.
- He also disposed of 3,404 shares on February 6, 2025, at $72.06 per share, 1,833 shares at $72.06 per share and 4,250 shares at $72.09 per share.
- Following these transactions, Manelis directly owns 26,781 common shares and indirectly owns 1,326 shares through a SERP account.
- The 19,313 restricted units are Series 2025B restricted limited partnership interests in ERP Operating Limited Partnership, which can convert into OP Units and then into common shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, so the sentiment is neutral.
Future Outlook
The document does not contain specific forward-looking statements about the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of acquisition of common shares and restricted units. |
| 02/05/2028 | Vesting date for restricted shares and restricted units. |
| 02/06/2025 | Date of sale of common shares. |
| 02/07/2025 | Date of signature on the Form 4 filing. |
| 02/05/2035 | Expiration date of the restricted units. |
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