Benjamin Schall - Feb 13, 2024 Form 4 Insider Report for AVALONBAY COMMUNITIES INC (AVB)

Role
CEO & President, Director
Signature
Edward M. Schulman, as attorney-in-fact under Power of Attorney dated January 19, 2021
Stock symbol
AVB
Transactions as of
Feb 13, 2024
Transactions value $
$0
Form type
4
Date filed
2/15/2024, 07:30 PM
Previous filing
Feb 5, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVB Common Stock, par value $.01 per share Award $0 +7.79K +22.52% $0.00 42.4K Feb 13, 2024 Direct F1, F2
transaction AVB Common Stock, par value $.01 per share Award $0 +29.1K +68.68% $0.00 71.5K Feb 13, 2024 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVB Employee Stock Options (Right to Buy) Award $0 +12.7K $0.00 12.7K Feb 13, 2024 Common Stock 12.7K $172.11 Direct F4, F5
holding AVB Employee Stock Options (Right to Buy) 10.1K Feb 13, 2024 Common Stock 10.1K $177.83 Direct F6
holding AVB Employee Stock Options (Right to Buy) 8.3K Feb 13, 2024 Common Stock 8.3K $236.14 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects grant of shares of restricted stock under the Company's Second Amended and Restated 2009 Equity Incentive Plan, which shares are subject to vesting requirements.
F2 The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
F3 Reflects shares earned in connection with previously awarded performance share units issued under the Company's Second Amended and Restated 2009 Equity Incentive Plan.
F4 Reflects grant of options under the Company's Second Amended and Restated 2009 Equity Incentive Plan.
F5 These options vest in three equal annual installments, with the first installment vesting on 3/1/2025.
F6 These options vest in three equal annual installments, with the first installment vesting on 3/1/2024.
F7 These options vest in three equal annual installments, with the first installment having vested on 3/1/2023.