Form 4: AvalonBay Communities Director Susan Swanezy Reports Acquisition of 980 Shares

Director Susan Swanezy reports acquiring 980 shares of AvalonBay Communities common stock through deferred stock units.

Summary

• On May 23, 2024, Susan Swanezy, a director of AvalonBay Communities Inc., acquired 980 shares of common stock.
• The acquisition was in the form of Deferred Stock Units (Units) granted under the company's Second Amended and Restated 2009 Equity Incentive Plan.
• These Units are subject to vesting requirements and will convert into common stock on a one-to-one basis after Swanezy ceases to be a director.
• Following the transaction, Swanezy directly owns 12,849.0608 shares of AvalonBay Communities common stock, including the Units.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition. The director's increased stake could be seen as a positive signal, but it's not a major event.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.

Future Outlook

The Deferred Stock Units will convert into common stock on a one-to-one basis after the reporting person ceases to be a director of the issuer.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (directors, officers, or those holding 10% or more of a company's shares) buy or sell stock in their own companies. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The acquisition of shares by a director could positively influence shareholder sentiment.

Key Dates