Mark J. Parrell

Chief Executive Officer and President at Equity Residential

Since January 2019

Age

57 years

Education

Holds a B.B.A. from the University of Michigan and a J.D. from Georgetown University Law Center.

Tenure

Joined Equity Residential in September 1999 and has advanced through diverse roles including Senior Vice President and Treasurer, Executive Vice President and Chief Financial Officer, President (since September 2018), and Chief Executive Officer (since January 2019).

Also at Equity Residential

Alexander Brackenridge

Executive Vice President and Chief Investment Officer

BSA

Barry S. Altshuler

Executive Vice President – Investments

CMC

Catherine M. Carraway

Executive Vice President and Chief Human Resources Officer

About

Mark J. Parrell, born in 1967 and recognized for his extensive expertise in capital markets and real estate finance, has built a reputation as a transformative leader in the multifamily housing industry. His career reflects a deep commitment to the growth and success of Equity Residential, where he has played a pivotal role through various key positions over more than two decades.

Starting his journey in the company in September 1999, his progression through significant leadership roles—including serving as Senior Vice President and Treasurer, moving on to the role of Executive Vice President and Chief Financial Officer, and later assuming the responsibilities of President and Chief Executive Officer—highlights his continuous impact on the organization.

Beyond his work at Equity Residential, he has contributed to the industry through key board positions and active involvement in notable organizations, such as serving on the boards of T. Rowe Price Mutual Funds, Brookdale Senior Living Inc., and Aviv REIT, Inc., in addition to his commitment to community service and industry associations.

$EQR Performance Under Mark J. Parrell

Past Roles

Organization	Role	Date Range	Details
Equity Residential (EQR)	Executive Vice President and Chief Financial Officer	October 2007 to September 2018	N/A
Equity Residential (EQR)	Senior Vice President and Treasurer	August 2005 to October 2007	N/A
Equity Residential (EQR)	Various Finance Roles	Since September 1999	N/A

External Roles

Organization	Role	Date Range	Details
T. Rowe Price Mutual Funds	Independent Member, Board of Directors	Since July 2023	N/A
Real Estate Roundtable	Member, Board of Directors	N/A	N/A
Nareit	Treasurer and Member, Executive Board of Governors	N/A	N/A
University of Michigan (Weiser Center)	Advisory Board Member for the Weiser Center for Real Estate	N/A	N/A
University of Michigan (Ross Business School)	Advisory Board Member	N/A	N/A
National Multifamily Housing Council (NMHC)	Member	N/A	N/A
Greater Chicago Food Depository	Board Member and Chair, Finance Committee	N/A	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Annual Salary	$900,000	Annual	Fixed base salary for 2023
All Other Compensation	$15,438	Annual/Lump Sum	Includes company 401(k) contributions and executive physicals; also mentions a board match program cost of $225,500. Note: Board match program amount is separately highlighted but the fixed total remains $915,438.

Performance Compensation

Data from FY 2023

Share Awards

Metric	Value
Threshold (shares)	44,020
Target (shares)	88,040
Maximum (shares)	176,080
Grant Date	January 1, 2023
Grant Date Fair Value	$5,174,991 (for target shares)
Grant Date Stock Price	$63.13 per unit
Monte Carlo Value	$58.78 per unit
Vesting Schedule	Full cliff vest on January 1, 2026

Option Awards

Metric	Value
Grant Date	February 15, 2023
Grant Date Fair Value	$12.67 per option
Exercise Price	$66.59
Threshold (units)	44,020
Target (units)	88,040
Maximum (units)	176,080
Vesting Schedule	Approximately equal installments over 3 years

Non-Equity Incentive Plan Compensation

Metric	Value
Performance Metrics - Corporate	75% weight: comprised of Same Store NOI (25%), Normalized FFO per Share (25%), ESG (15%) and Normalized G&A & Property Management Costs (10%)
Performance Metrics - Individual	25% weight: covering capital allocation, innovation, investor perception, corporate responsibility, succession planning, and political/regulatory matters
Threshold / Target / Maximum	50% / 100% / 200%
Actual Corporate Achievement	122.24%
Actual Individual Achievement	90.00%
Overall Weighted Achievement	114.18%
Performance Bonus - Target	$2,025,000
Performance Bonus - Actual	$2,312,145
Performance Equity Grant - Target	$2,250,000
Performance Equity Grant - Actual	$2,569,050
Vesting Details	Bonus paid in cash or as immediately vested units; Equity grants: Share Awards cliff vest in 3 years and Option Awards vest ratably over 3 years
Evaluation Period	2023-2025 (three-year performance period)