secwatch.observer — SEC 8-K summary
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Issuer:     Apartment Income REIT, L.P. (—)
CIK:        0000926660
Form:       8-K
Filed at:   2024-10-08T23:59:59+00:00
Accession:  0001140361-24-043164
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO and CIO depart Apartment Income REIT; co-PEOs appointed
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- CEO Terry Considine stepped down Oct 2; replaced by co-PEOs Lisa Cohn and Keith Kimmel.
- CIO Joshua Minix departed Oct 7; both resignations not due to disagreements.
- Considine receives $4.6M severance plus $2.57M pro-rata STI and $1.25M additional payment.
- Minix receives $1.62M separation payment.
- Considine's unvested LTIP units partially accelerate: 246,356 LTIP I and 2,562,284 LTIP II vested.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926660/000114036124043164/0001140361-24-043164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926660/000114036124043164/ef20036813_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-043164

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