Form 4: AvalonBay Communities Director Acquires Shares Through Deferred Stock Units

Director Ronald L. Havner Jr. acquired 182 shares of AvalonBay Communities Inc. through deferred stock units in lieu of a quarterly cash director's fee.

Summary

• Ronald L. Havner Jr., a director of AvalonBay Communities Inc., acquired 182 shares of common stock on March 1, 2024.
• The acquisition was made through the grant of Deferred Stock Units (Units) under the company's Second Amended and Restated 2009 Equity Incentive Plan.
• These Units were received in lieu of the quarterly cash director's fee.
• The 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, Havner directly owns 15,334.2295 shares of common stock, including the Units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment as it shows director's continued investment in the company.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The use of deferred stock units aligns the director's interests with those of long-term shareholders.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice in publicly traded companies, aligning their interests with shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it demonstrates the director's continued investment in the company.

Key Dates