Form 4: AvalonBay Communities CEO Benjamin Schall Reports Stock Transaction
SEC Form 4 Filing
Benjamin Schall, CEO and President of AvalonBay Communities, reports a transaction involving the withholding of shares to cover tax obligations.
Summary
- On March 1, 2025, Benjamin Schall, CEO and President of AvalonBay Communities, reported a transaction.
- The transaction involved the withholding of 13,457 shares of common stock at a price of $226.18 per share.
- This withholding was to cover tax obligations related to the vesting of restricted stock and performance share unit awards under the company's equity incentive plan.
- Following the transaction, Schall directly owns 74,919.327 shares of AvalonBay Communities common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| January 19, 2021 | Date of Power of Attorney |
| March 1, 2025 | Date of stock transaction |
| March 4, 2025 | Date of signature |
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