Form 4: AvalonBay Communities Director Acquires Deferred Stock Units
SEC Form 4 Filing
Director Terry S. Brown acquired 170 Deferred Stock Units in AvalonBay Communities Inc. in lieu of quarterly cash director's fees.
Summary
- On May 15, 2024, Terry S. Brown, a director of AvalonBay Communities Inc., acquired 170 Deferred Stock Units (Units).
- The Units were granted under the issuer's Second Amended and Restated 2009 Equity Incentive Plan.
- The Units were received in lieu of the quarterly cash director's fee.
- These Units will convert into common stock on a one-for-one basis when the reporting person ceases to be a director of the issuer.
- Following the transaction, Brown directly owns 14,894.3571 shares of common stock, including the Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies like AvalonBay Communities.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves a director receiving equity as part of their compensation.
Key Dates
| Date | Description |
|---|---|
| 11/26/2014 | Date of Power of Attorney |
| 05/15/2024 | Date of transaction: acquisition of Deferred Stock Units |
| 05/17/2024 | Date of signature |
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