---
schema_version: "secwatch.filing_event.v1"
accession: "0001500217-24-000070"
form_type: "8-K"
ticker: "AAT"
cik: "0001500217"
company_name: "American Assets Trust, Inc."
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:12:53.854169+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# American Assets Trust sets CEO succession: Wyll becomes CEO, Rady Executive Chairman Jan 1, 2025

## Summary
- Ernest Rady transitions from CEO to Executive Chairman; Adam Wyll becomes President and CEO effective Jan 1, 2025.
- Rady base salary $600K, target bonus 100% of base, equity target $800K; Wyll base $750K, target bonus 127%, equity target $1.6M.
- Wyll receives one-time equity award of $1.6M of common stock vesting over three years.
- Employment agreements have one-year initial term with automatic annual renewals.
- Severance: Wyll gets 2x salary plus average bonus; Rady gets 1x (2x after change in control).

## SEC filing metadata
- accession: 0001500217-24-000070
- form_type: 8-K
- ticker: AAT
- cik: 0001500217
- company_name: American Assets Trust, Inc.
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500217/000150021724000070/0001500217-24-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500217/000150021724000070/aat-20241204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500217-24-000070
- JSON: https://secwatch.observer/filing/0001500217-24-000070.json
- Plain text: https://secwatch.observer/filing/0001500217-24-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.