Form 4: AvalonBay Communities Director Timothy Naughton Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Director Timothy Naughton of AvalonBay Communities reports the withholding of shares to cover tax obligations related to vesting of restricted stock and performance share units.
Summary
- Timothy Naughton, a director at AvalonBay Communities, reported a transaction on March 1, 2025, involving the withholding of 9,113 common stock shares to cover tax obligations.
- The shares were withheld by the company at a price of $226.18 per share.
- Following the transaction, Naughton directly owns 77,820.5205 shares of common stock.
- Naughton also indirectly owns 31,531 shares through a GRAT and 14,024 shares through a Family Trust.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation practices, including equity-based awards and tax withholding, are standard across publicly traded companies.
- Companies like Equity Residential (EQR) and UDR also utilize equity incentive plans for their executives, resulting in similar Form 4 filings related to share withholding for taxes.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it relates to tax obligations on existing equity awards.
Key Dates
| Date | Description |
|---|---|
| 01/01/2000 | Date of Power of Attorney |
| 03/01/2025 | Date of share withholding transaction |
| 03/04/2025 | Date of signature on the Form 4 filing |
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