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

Director Christopher B. Howard receives 120 deferred stock units from AvalonBay Communities in lieu of quarterly cash director's fees, increasing his total holdings to 4,697.8663 shares.

Summary

• Christopher B. Howard, a director of AvalonBay Communities Inc., received 120 deferred stock units on May 20, 2025, in lieu of his quarterly cash director's fee.
• These units were granted under the company's Second Amended and Restated 2009 Equity Incentive Plan.
• The deferred stock units will convert into common stock on a one-for-one basis when Mr. Howard ceases to be a director.
• Following this transaction, Mr. Howard directly owns 4,697.8663 shares of AvalonBay Communities Inc. common stock, including the deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The acceptance of deferred stock units by a director aligns their interests with those of the shareholders.
• The director's holdings in the company have increased.

Future Outlook

The deferred stock units will convert into common stock on a one-for-one basis when the reporting person ceases to be a director of the issuer.

Industry Context

This 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 minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

AvalonBay Communities, Director Compensation, Deferred Stock Units, Equity Incentive Plan, Form 4, AVB, Beneficial Ownership