Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed in the Current Report on Form 8-K filed by Independence Realty Trust, Inc. (the "Company") with the Securities and Exchange Commission on December 8, 2025, Michele Weisbaum, the Company's Executive Vice President, General Counsel and Secretary, will retire from employment with the Company on or about March 31, 2026.
In connection with Ms. Weisbaum's planned retirement, the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") on February 3, 2026 approved the engagement of Ms. Weisbaum as a consultant to the Company to assist with the orderly transition of her duties to other Company personnel. Under this arrangement, Ms. Weisbaum will provide transition, advisory and related services for a limited period following her retirement and will be paid $30,000 per month in consideration for these services. This consulting arrangement is expected to continue through December 31, 2026, unless sooner terminated by either party.