Benjamin Schall - Feb 1, 2022 Form 4 Insider Report for AVALONBAY COMMUNITIES INC (AVB)

Role: CEO & President, Director
Signature: Catherine T. White, as attorney-in-fact under Power of Attorney dated January 19, 2021
Stock symbol: AVB
Transactions as of: Feb 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/22/2022, 05:16 PM
Next filing: Feb 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVB	Common Stock, par value $.01 per share	Tax liability	$0	-3.58K	-12.9%	$0.00	24.2K	Feb 1, 2022	Direct	F1, F2
transaction	AVB	Common Stock, par value $.01 per share	Award	$0	+4.67K	+19.29%	$0.00	28.8K	Feb 17, 2022	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	+8.3K		$0.00	8.3K	Feb 17, 2022	Common Stock	8.3K	$236.14	Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects withholding of shares by the Company to cover tax withholding obligations on the vesting of restricted stock under the Company's Second Amended and Restated 2009 Equity Incentive Plan.
F2	The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
F3	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.
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 3/1/2023.