Timothy J. Naughton - Jun 1, 2023 Form 4 Insider Report for AVALONBAY COMMUNITIES INC (AVB)

Role: Director
Signature: Edward M. Schulman, as attorney-in-fact under Power of Attorney dated January 1, 2000
Stock symbol: AVB
Transactions as of: Jun 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/5/2023, 05:29 PM
Previous filing: Apr 28, 2023
Next filing: Jun 27, 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	Award	$0	+990	+3.13%	$0.00	32.7K	Jun 1, 2023	Direct	F1, F2
holding	AVB	Common Stock, par value $.01 per share						89.1K	Jun 1, 2023	By GRAT	F3
holding	AVB	Common Stock, par value $.01 per share						14K	Jun 1, 2023	By Family Trust	F4

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

Explanation of Responses:

Id	Content
F1	Reflects grant of Deferred Stock Units ("Units") under the issuer's Second Amended and Restated 2009 Equity Incentive Plan, which Units are subject to vesting requirements. The Units will convert into common stock on a one to one basis when the reporting person ceases to be an employee or director of the issuer.
F2	The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares and deferred stock units, some of which may be subject to vesting requirements.
F3	No transaction is reported. The amount of securities owned indirectly following the reported transaction is included for information purposes only.
F4	No transaction is reported. Reflects indirect beneficial ownership by spouse through Family Trust and the reporting person disclaims any beneficial ownership in these shares.