Form 4: AvalonBay Communities EVP Schulman Reports Stock Transaction
SEC Form 4 Filing
Edward M. Schulman, EVP-General Counsel of AvalonBay Communities, reports the withholding of shares to cover tax obligations on vesting restricted stock and performance share unit awards.
Summary
- On March 1, 2024, Edward M. Schulman, EVP-General Counsel of AvalonBay Communities, Inc., reported a transaction involving the company's common stock.
- The transaction involved the withholding of 2,972 shares to cover tax obligations related to the vesting of restricted stock and performance share unit awards under the company's Second Amended and Restated 2009 Equity Incentive Plan.
- Following the transaction, Schulman directly owns 19,380.7738 shares of AvalonBay Communities, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (share withholding for tax obligations). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.