secwatch.observer — SEC 8-K summary
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Issuer:     AVALONBAY COMMUNITIES INC (AVB)
CIK:        0000915912
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001104659-21-142497
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915912/000110465921142497/0001104659-21-142497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915912/000110465921142497/tm2133217d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-142497

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer