Form 4: AvalonBay Communities: Executive Birenbaum Reports Stock Transactions
SEC Form 4 Filing
Chief Investment Officer Matthew H. Birenbaum reports stock transactions involving AvalonBay Communities, including a gift and shares withheld for tax obligations.
Summary
- On February 28, 2025, Matthew H. Birenbaum gifted 450 shares of AvalonBay Communities common stock.
- On March 1, 2025, 5,999 shares were withheld by AvalonBay Communities to cover tax obligations related to the vesting of restricted stock and performance share unit awards.
- Following these transactions, Birenbaum directly owns 73,296.9577 shares of AvalonBay Communities common stock.
- The reported transactions were filed by Edward M. Schulman under Power of Attorney on March 4, 2025.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| October 14, 2011 | Date of Power of Attorney granted to Edward M. Schulman. |
| February 28, 2025 | Gift of 450 shares of common stock. |
| March 01, 2025 | Withholding of 5,999 shares for tax obligations. |
| March 04, 2025 | Date of Form 4 filing. |
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