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EQR » Topics » Share Ownership Guidelines for Senior Officers

This excerpt taken from the EQR DEF 14A filed Apr 17, 2006.
Share Ownership Guidelines for Senior Officers. In keeping with its belief that tying the financial interests of senior officers of the Company to those of the shareholders will result in enhanced shareholder value, the Board has established ownership guidelines for the senior officers of the Company. These guidelines provide that within three years of joining the Company or a promotion, the following officers should own shares equal to the following respective multiple of their annual base salary:

  • Chief Executive Officer – 5x
  • Chief Operating Officer – 4x
  • Corporate Executive Vice Presidents – 3x
  • Property Management Executive Vice Presidents – 2x
  • Senior Vice Presidents – 1x

     

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