medium
Sell
9,487 shares
$683,761
Significance
5/10
EQR EVP & COO Manelis sells 9,487 shares for $683,760.72 at $72.07 avg; holdings drop 26.2% to 26.8K shares
Manelis Michael L executed 3 separate sales totaling 9,487 shares for $683,760.72 on 2025-02-06, reducing his holdings from 36,268 shares to 26,781 shares—a 26.2% reduction. The blended average sale price of $72.07 sits modestly above the current price of $71.33 and within the 52-week range of $58.13–$78.08, indicating the sale occurred near recent levels. At a market cap of $27.1B and current trading multiples (P/E: 29.11), this is a material insider transaction from a senior operating executive, though the absolute position level suggests this was a partial portfolio action rather than a complete exit.