Form 4: AvalonBay Communities CEO Benjamin Schall Reports Stock Transaction
SEC Form 4 Filing
Benjamin Schall, CEO & President of AvalonBay Communities, reports the withholding of shares to cover tax obligations related to vesting of restricted stock and performance share unit awards.
Summary
- On March 1, 2024, Benjamin Schall, CEO & President of AvalonBay Communities, reported a transaction involving common stock.
- The transaction involved the withholding of 14,785 shares by the company to cover tax obligations.
- This withholding relates to the vesting of restricted stock and performance share unit awards under the company's Second Amended and Restated 2009 Equity Incentive Plan.
- Following the transaction, Schall directly owns 56,683.4986 shares of AvalonBay Communities common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of stock awards and the subsequent withholding of shares for tax purposes, a common practice.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of the reported transaction. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.