EQR - Major Decision: DAVID NEITHERCUT Exercises Options Realizing $250K At Equity Residential | Benzinga
On December 11, it was revealed in an SEC filing that DAVID NEITHERCUT, Director at Equity Residential (NYSE:EQR) executed a significant exercise of company stock options.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that NEITHERCUT, Director at Equity Residential, a company in the Real Estate sector, just exercised stock options worth 25,000 shares of EQR stock with an exercise price of $48.13.
Equity Residential shares are currently trading down by 0.0%, with a current price of $58.17 as of Tuesday morning. This brings the total value of NEITHERCUT's 25,000 shares to $250,999.
Discovering Equity Residential: A Closer Look
Equity Residential owns a portfolio of 304 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
Key Indicators: Equity Residential's Financial Health
Revenue Growth: Equity Residential's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 4.17%. This signifies a substantial increase in the company's top-line earnings. ...