Form 4: AvalonBay Communities Director Acquires Stock Units in Lieu of Cash Fees

Director Ronald L. Havner Jr. acquired 111 deferred stock units in AvalonBay Communities in lieu of quarterly cash director's fees.

Summary

• On September 3, 2024, Ronald L. Havner Jr., a director of AvalonBay Communities Inc., acquired 111 deferred stock units (Units) in lieu of quarterly cash director's fees.
• These Units were granted under the company's Second Amended and Restated 2009 Equity Incentive Plan.
• The Units will convert into common stock on a one-for-one basis when Havner ceases to be a director.
• Following the transaction, Havner beneficially owns 16,872.5347 shares of common stock, including the Units.
• The price of the acquired stock was $0.
• The reporting person has direct ownership of all shares of common stock, including Units, which may be subject to vesting requirements.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's decision to take stock in lieu of cash is a good sign, but the filing itself is a routine disclosure.

Positives

• The acquisition of stock units by a director demonstrates alignment with shareholder interests.
• The director chose to receive stock in lieu of cash, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the acquisition of stock units by a director can be seen as a positive signal.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It reflects a director's compensation and investment in the company.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates