APARTMENT INVESTMENT & MANAGEMENT CO: EVP and CAO resigns

What happened Apartment Investment & Management Company filed an 8-K reporting that Jennifer Johnson notified the company on Oct 1, 2026 of her intent to resign, effective Nov 1, 2026, from all positions for "Good Reason" under the Executive Severance Policy, dated Oct 22, 2018. The company said it accepted her resignation for "Good Reason" based on a diminution in her responsibilities in connection with the Plan of Sale and Liquidation approved by the company's shareholders on Feb 6, 2026. The filing states the resignation will constitute a severance-qualifying resignation for "Good Reason" following a "Change in Control" (or similar term) occurring in connection with the sale or disposition of the company's assets pursuant to the Plan of Sale and Liquidation.

Key details

• Johnson will be eligible to receive payments and benefits under the Executive Severance Policy, the cash award letter agreement dated Apr 16, 2026, and applicable equity award agreements, subject to their terms, including execution and non-revocation of a standard release of claims.
• A separation agreement dated Oct 1, 2026 provides that Johnson will remain available as a consultant to Aimco and will provide limited transitional services until May 2, 2027.
• The consulting arrangement covers up to 10 hours per month at an hourly rate of $750, plus reasonable expenses, and is terminable by either party for any reason or no reason upon 30 days' written notice.
• The company says the acceptance and arrangements relate to changes in her duties tied to the Plan of Sale and Liquidation.

Why it may matter This item is reported under Item 5.02 (Departure of directors or certain officers) and covers Johnson's resignation, eligibility for severance and award payments, and a post-resignation consulting arrangement. This filing does not show why the insider traded or why the company acted.