Form 4: AvalonBay Communities COO Sean J. Breslin Sells 4,000 Shares
SEC Form 4
Chief Operating Officer of AvalonBay Communities, Sean J. Breslin, sold 4,000 shares of common stock at an average price of $215.4421 on August 15, 2024.
Summary
- On August 15, 2024, Sean J. Breslin, the Chief Operating Officer of AvalonBay Communities Inc. (AVB), sold 4,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $215.4421 per share, with individual transactions ranging from $215.4301 to $215.56.
- Following the transaction, Breslin directly owns 59,579.0203 shares of AvalonBay common stock, including restricted shares.
Sentiment
Score: 5
Explanation: Neutral. This is a standard Form 4 filing indicating an insider stock sale. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management. The sale itself doesn't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/26/2009 | Date of Power of Attorney granted to Edward M. Schulman |
| 08/15/2024 | Date of the stock sale transaction |
| 08/16/2024 | Date of signature on the Form 4 filing |
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