Equity Residential DEF 14A Filing
Ticker: EQR · Form: DEF 14A · Filed: Apr 16, 2024 · CIK: 906107
Sentiment: neutral
Filing Stats: 4,261 words · 17 min read · ~14 pages · Grade level 17.1 · Accepted 2024-04-16 16:33:17
Key Financial Figures
- $366.3 million — tal Allocation Acquired approximately $366.3 million of operating properties that were on av
- $379.9 million — age one year old and sold approximately $379.9 million of operating properties that were on av
- $282.8 million — n select established markets Invested $282.8 million in Capital Expenditures to Real Estate
- $56.79 — at a weighted average purchase price of $56.79 per share, for an aggregate purchased a
- $49.1 million — egate purchased amount of approximately $49.1 million in 2023 Generated an 11.4% Unlevere
- $800.0 million — full year 2023 1 Replaced a maturing $800.0 million secured debt pool with $550.0 million i
- $550.0 million — g $800.0 million secured debt pool with $550.0 million in new ten-year secured loans at a favo
- $5.0 million — o affordable housing with an additional $5.0 million investment in a fund dedicated to this
Filing Documents
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Executive Compensation Program
Executive Compensation Program 46 2023 Performance and Compensation 50 Final Results of the 2021-2023 LTI Plan – Alignment of Pay and Performance 63 Benchmarking 66 Compensation Clawback Policy 67 COMPENSATION COMMITTEE REPORT 68
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 69 Summary Compensation Table 69 Grants of Plan-Based Awards in 2023 71 Outstanding Equity Awards at December 31, 2023 72 Option Exercises and Shares Vested During 2023 73 Pension Benefits 73 Nonqualified Deferred Compensation 73 Potential Payments Upon Termination of Employment or Change in Control 74 CEO Pay Ratio 78 Pay Versus Performance 79 TRUSTEE COMPENSATION 84 AUDIT COMMITTEE REPORT 87 MATTERS FOR SHAREHOLDER VOTING 88 Proposal 1 – Election of Trustees 88 Proposal 2 – Ratification of Selection of the Company's Independent Registered Public Accounting Firm 90 Proposal 3 – Approval of Executive Compensation 92 INFORMATION ABOUT THE ANNUAL MEETING 93 MISCELLANEOUS 96 SUPPLEMENTAL APPENDIX 97 i PROXY STATEMENT This Proxy Statement and related proxy materials are being made available to shareholders of Equity Residential ("Equity Residential" or the "Company") on or about April 18, 2024 in connection with the solicitation by our Board of Trustees (the "Board") of proxies to be voted at the Company's 2024 Annual Meeting of Shareholders (the "Annual Meeting") to be held on Thursday, June 20, 2024 at 8:00 a.m., Central Time. The Annual Meeting will be conducted completely in a virtual meeting format, via live audio webcast. The Annual Meeting can be accessed by shareholders at www.virtualshareholdermeeting.com/EQR2024. SUMMARY OF MATTERS FO R SHAREHOLDER VOTING At this year's Annual Meeting, we are asking our shareholders to vote on the following matters: Proposal 1: Election of Trustees The Board recommends a vote FOR the election of the following nominees for trustee: Mark J. Parrell, Angela M. Aman, Linda Walker Bynoe, Mary Kay Haben, Ann C. Hoff, Tahsinul Zia Huque, Nina P. Jones, John E. Neal, David J. Neithercut, Mark S. Shapiro and Stephen E. Sterrett. Proposal 2: Ratification of Ernst & Young LLP as the Company's Independent Registered Public Acco