EQR discloses post-merger executive compensation for AvalonBay combination leadership team

Filed June 8, 2026 · Period ending June 7, 2026 · ~1 min read

Key Changes

• high

  Benjamin Schall (AvalonBay CEO) will lead combined company with $1M base salary and $11.5M total annual incentive targets starting Jan 2027, plus $6.25M one-time transaction award vesting over three years.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Kevin O'Shea (AvalonBay CFO) appointed CFO of combined entity with $675K base salary and $3.1M annual incentive targets, plus $3.56M transaction award.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Michael Manelis (EQR COO) continues as COO with $800K base salary and $5.2M annual incentive targets, plus $4.5M transaction award.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →