Shifrin Orrin S 4
4 · Equity Commonwealth · Filed Mar 5, 2025
Insider Transaction Report
Form 4
Shifrin Orrin S
EVP, Gen. Counsel & Secretary
Transactions
- Exercise/Conversion
Common Shares of Beneficial Interest
2025-03-04+13,345→ 218,248 total(indirect: See footnote) - Award
Common Shares of Beneficial Interest
2025-03-04+63,490→ 281,738 total(indirect: See footnote) - Exercise/Conversion
Restricted Share Units
2025-03-04−13,345→ 0 total(indirect: See footnote)→ Common Shares of Beneficial Interest (13,345 underlying) - Tax Payment
Common Shares of Beneficial Interest
2025-03-04$1.60/sh−49,355$78,968→ 232,383 total(indirect: See footnote)
Footnotes (5)
- [F1]Reflects Common Shares of Beneficial Interest (each, a "Common Share") of Equity Commonwealth (the "Issuer") received by the Reporting Person in settlement of outstanding time-based or performance-based Restricted Share Units (each, an "RSU"), on a one for one basis, subject to the terms and conditions set forth in the Equity Commonwealth equity compensation plan (as amended, the "Equity Plan") and the applicable RSU agreement, due to the vesting of the RSUs as a result of the determination by the Issuer's Board of Trustees that a change in control event ("Change in Control") occurred under the terms of the Equity Plan upon the sale of the Issuer's last remaining property on February 25, 2025.
- [F2]These shares/units, as applicable, are held by the Orrin S. Shifrin Revocable Trust, of which the Reporting Person is the trustee and a beneficiary.
- [F3]Reflects Common Shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted Common Shares and RSUs.
- [F4]Each RSU represents the right to receive one Common Share, subject to the terms and conditions set forth in the applicable Equity Plan and the applicable RSU agreement for the Reporting Person.
- [F5]RSUs previously granted, and reported on the Form 4 dated February 5, 2025, vested as a result of the determination by the Issuer's Board of Trustees that a Change in Control has occurred.