secwatch.observer — SEC 8-K summary
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Issuer:     ERP OPERATING LTD PARTNERSHIP (—)
CIK:        0000931182
Form:       8-K
Filed at:   2026-06-08T20:06:46+00:00
Accession:  0001193125-26-261709
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/931182/000119312526261709/0001193125-26-261709-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906107/000119312526261709/d126845d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-261709

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