Form 4: AvalonBay Communities Executive Matthew H. Birenbaum Reports Changes in Beneficial Ownership

Matthew H. Birenbaum, Chief Investment Officer of AvalonBay Communities, reports a transaction involving the withholding of shares to cover tax obligations, resulting in an updated beneficial ownership of 71,462.4023 shares.

Summary

• On March 1, 2024, Matthew H. Birenbaum, Chief Investment Officer of AvalonBay Communities, Inc. (AVB), engaged in a transaction involving common stock.
• The transaction involved the withholding of 7,162 shares by the company to cover tax withholding obligations related to the vesting of restricted stock and performance share unit awards.
• Following the transaction, Birenbaum's directly owned shares of common stock totaled 71,462.4023, including restricted shares.
• The reporting was filed on March 5, 2024, by Edward M. Schulman under Power of Attorney.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Form 4) detailing a standard transaction related to tax withholding on vested equity awards. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing indicates activity related to equity compensation plans, which are common in the real estate industry to align management incentives with shareholder value.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to the standard practice of tax withholding on executive compensation.

Key Dates