8-K filed June 8, 2026, 4:06 PM ET CIK 0000931182

leadership confidence high sentiment neutral materiality 0.75

EQR/AvalonBay merger leadership team set; Schall CEO, Manelis COO, O'Shea CFO; comp disclosed

ERP OPERATING LTD PARTNERSHIP

Benjamin Schall (AvalonBay CEO) to be President & CEO of combined company; annual base salary $1M, target total comp $12.5M.
Michael Manelis (EQR COO) to continue as COO; base salary $800K; eligible for Transaction Award of $4.5M.
Kevin O'Shea (AvalonBay CFO) to be CFO of combined company; base salary $675K; Transaction Award of $3.5625M.
Scott Fenster (EQR GC) to continue as General Counsel; base salary $580K; Transaction Award of $3M.
Transaction Awards (50% time-vest, 50% performance) granted at closing; Schall award $6.25M, others also disclosed.

item 5.02 item 8.01 item 9.01

Executive movements

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

Appointed

Michael Manelis

Executive Vice President and Chief Operating Officer

ERP OPERATING LTD PARTNERSHIP

Filed: June 8, 2026, 4:06 PM ET

The Manelis Offer Letter provides that, following the Closing, Mr. Manelis will continue to serve as Executive Vice President and Chief Operating Officer of the combined company and will report directly to its Chief Executive Officer.

Appointed

Kevin O'Shea

Executive Vice President and Chief Financial Officer

ERP OPERATING LTD PARTNERSHIP

Filed: June 8, 2026, 4:06 PM ET

Kevin O’Shea, AvalonBay’s Chief Financial Officer, and Scott Fenster, Equity Residential’s Executive Vice President, General Counsel and Corporate Secretary, each entered into offer letters confirming their roles, compensation and terms of employment with the combined company following the Closing

Appointed

Benjamin Schall

President and Chief Executive Officer

ERP OPERATING LTD PARTNERSHIP

Filed: June 8, 2026, 4:06 PM ET

Benjamin Schall, current President and Chief Executive Officer of AvalonBay and the incoming President and Chief Executive Officer of the combined company effective as of the Closing pursuant to the terms of an offer letter between Mr. Schall and Equity Residential dated May 20, 2026, entered into an amended offer letter, confirming his compensation for fiscal year 2027

Appointed

Scott Fenster

Executive Vice President, General Counsel and Corporate Secretary

ERP OPERATING LTD PARTNERSHIP

Filed: June 8, 2026, 4:06 PM ET

The Fenster Offer Letter provides that, following the Closing, Mr. Fenster will continue to serve as Executive Vice President, General Counsel and Corporate Secretary of the combined company and will report directly to its Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Manelis was appointed as Executive Vice President and Chief Operating Officer at ERP OPERATING LTD PARTNERSHIP.

Action: continuing
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

The Manelis Offer Letter provides that, following the Closing, Mr. Manelis will continue to serve as Executive Vice President and Chief Operating Officer of the combined company and will report directly to its Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Kevin O'Shea was appointed as Executive Vice President and Chief Financial Officer at ERP OPERATING LTD PARTNERSHIP.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Kevin O’Shea, AvalonBay’s Chief Financial Officer, and Scott Fenster, Equity Residential’s Executive Vice President, General Counsel and Corporate Secretary, each entered into offer letters confirming their roles, compensation and terms of employment with the combined company following the Closing

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Benjamin Schall was appointed as President and Chief Executive Officer at ERP OPERATING LTD PARTNERSHIP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Benjamin Schall, current President and Chief Executive Officer of AvalonBay and the incoming President and Chief Executive Officer of the combined company effective as of the Closing pursuant to the terms of an offer letter between Mr. Schall and Equity Residential dated May 20, 2026, entered into an amended offer letter, confirming his compensation for fiscal year 2027

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Fenster was appointed as Executive Vice President, General Counsel and Corporate Secretary at ERP OPERATING LTD PARTNERSHIP.

Action: continuing
Role: Executive Vice President, General Counsel and Corporate Secretary

Exact text from the filing

The Fenster Offer Letter provides that, following the Closing, Mr. Fenster will continue to serve as Executive Vice President, General Counsel and Corporate Secretary of the combined company and will report directly to its Chief Executive Officer.

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-26-261709

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