Benjamin Schall - 23 Feb 2023 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
Issuer symbol
AVB
Transactions as of
23 Feb 2023
Net transactions value
$0
Form type
4
Filing time
27 Feb 2023, 20:03:37 UTC
Previous filing
03 Feb 2023
Next filing
03 Mar 2023
SEC
View on sec.gov

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 +6,379 +25% $0.000000 32,032 23 Feb 2023 Direct F1, F2
transaction AVB Common Stock, par value $.01 per share Award $0 +11,703 +37% $0.000000 43,735 23 Feb 2023 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 +10,073 +121% $0.000000 18,377 23 Feb 2023 Common Stock 10,073 $177.83 Direct F4, F5
* 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 3/1/2024.