Form 4: AvalonBay Communities COO Reports Stock Transaction
SEC Form 4 Filing
Sean J. Breslin, Chief Operating Officer of AvalonBay Communities, reports a transaction involving the withholding of shares to cover tax obligations.
Summary
- On March 1, 2024, Sean J. Breslin, the Chief Operating Officer of AvalonBay Communities, Inc. (AVB), had 7,032 shares of common stock withheld by the company to cover tax obligations.
- This transaction occurred due 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, Breslin directly owns 63,488.8992 shares of AvalonBay Communities common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine stock transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the stock transactions of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of stock ownership related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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