Form 4: AvalonBay Communities Director Howard Christopher B. Reports Acquisition and Disposal of Common Stock

Director Howard Christopher B. of AvalonBay Communities reports acquiring 980 shares of common stock and disposing of 4,109.1423 shares in a recent transaction.

Summary

• On May 23, 2024, Howard Christopher B., a director of AvalonBay Communities Inc. (AVB), reported a transaction involving the company's common stock.
• The transaction included the acquisition of 980 shares of common stock at $0 per share, representing a grant of Deferred Stock Units (Units) under the company's equity incentive plan.
• These Units are subject to vesting requirements and will convert into common stock on a one-to-one basis when the reporting person ceases to be a director.
• Additionally, 4,109.1423 shares were disposed of.
• Following the reported transaction, Howard Christopher B. directly owns 4,109.1423 shares of common stock, including the Units, which may be subject to vesting requirements.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Positives

• The grant of Deferred Stock Units aligns the director's interests with the long-term performance of the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings and alignment with company performance.

Key Dates