Benjamin W. Schall appointed AvalonBay CEO effective Jan 3, 2022; Naughton becomes Executive Chairman

AVALONBAY COMMUNITIES INC

Schall, currently President, adds CEO role; Naughton retires as CEO but stays as Executive Chairman half-time.
Naughton's 2022 compensation: $800K base salary, $1.2M target cash bonus, $3.0M performance award (2022-2024).
Succession follows plan disclosed in December 2020 8-K; no surprise change.
Naughton will assist with strategic initiatives, tech opportunities, and expansion market business development.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Timothy J. Naughton

Executive Chairman

AVB · AVALONBAY COMMUNITIES INC

Effective: 2022-01-03
Successor: Benjamin W. Schall
Filed: November 22, 2021, 6:59 PM ET

Also effective January 3, 2022, Timothy J. Naughton, the Company’s current Chairman of the Board and Chief Executive Officer, will retire as the Company’s Chief Executive Officer and assume the role of Executive Chairman of the Board.

Role change

Benjamin W. Schall

Chief Executive Officer

AVB · AVALONBAY COMMUNITIES INC

Effective: 2022-01-03
Filed: November 22, 2021, 6:59 PM ET

had appointed Benjamin W. Schall, the Company’s current President and a director, to the additional role of Chief Executive Officer effective January 3, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy J. Naughton was appointed as Executive Chairman at AVALONBAY COMMUNITIES INC.

Action: appointed
Role: Executive Chairman

Exact text from the filing

Also effective January 3, 2022, Timothy J. Naughton, the Company’s current Chairman of the Board and Chief Executive Officer, will retire as the Company’s Chief Executive Officer and assume the role of Executive Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Benjamin W. Schall was appointed as Chief Executive Officer at AVALONBAY COMMUNITIES INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

had appointed Benjamin W. Schall, the Company’s current President and a director, to the additional role of Chief Executive Officer effective January 3, 2022

View on SEC.gov

AVALONBAY COMMUNITIES INC filing history →

Source: SEC EDGAR

accession 0001104659-21-142497

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