Matthew H. Birenbaum - Mar 1, 2023 Form 4 Insider Report for AVALONBAY COMMUNITIES INC (AVB)

Role: Chief Investment Officer
Signature: By Edward M. Schulman under Power of Attorney dated as of October 14, 2011
Stock symbol: AVB
Transactions as of: Mar 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/3/2023, 05:08 PM
Previous filing: Feb 27, 2023
Next filing: May 24, 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	-4.27K	-6.03%	$0.00	66.6K	Mar 1, 2023	Direct	F1, F2

* 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 and performance share unit awards 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.