Equity Residential adopts executive severance plan; raises commercial paper cap to $1.5B

EQUITY RESIDENTIAL

New severance plan covers CEO (2.0x multiple, 24-month pay period) and eligible EVPs (1.5x, 18 months) on qualifying termination without cause or for good reason.
Commercial paper program maximum aggregate outstanding increased from $1.0B to $1.5B, effective Dec 18, 2024.
Plan effective Dec 12, 2024; does not supersede existing change-in-control agreements.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.