EQUITY RESIDENTIAL - 8-K Filing
Equity Residential announced executive compensation arrangements for key leaders of the combined company following its pending merger with AvalonBay. Benjamin Schall, incoming CEO, will receive a base salary of $1 million and total target incentives valued at up to $9.85 million annually starting January 2027; other executives including Michael Manelis ($800K base), Kevin O’Shea ($675K base) and Scott Fenster ($580K base) will also receive compensation packages with equity awards totaling between $3 million to $4.5 million annually, contingent on the merger closing. (Items: 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Offi, 8.01 Other Events, 9.01 Financial Statements and Exhibits)
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