Form 4: AvalonBay Communities CFO Kevin P. O'Shea Reports Stock Transaction
SEC Form 4 Filing
Kevin P. O'Shea, CFO of AvalonBay Communities Inc., reports a transaction involving the withholding of shares to cover tax obligations on vested stock awards.
Summary
- On March 1, 2024, Kevin P. O'Shea, the Chief Financial Officer of AvalonBay Communities Inc. (AVB), reported a transaction.
- The transaction involved the withholding of 6,221 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock and performance share unit awards.
- Following the transaction, O'Shea directly owns 36,308.1508 shares of AvalonBay common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices related to equity awards.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 12/13/2012 | Date of Power of Attorney granted to Edward M. Schulman. |
| 03/01/2024 | Date of the stock transaction (withholding of shares). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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