Form 4: AvalonBay Communities Executive Vice President Joanne M. Lockridge Reports Stock Transaction
SEC Form 4 Filing
Joanne M. Lockridge, Executive Vice President of AvalonBay Communities Inc., reports a transaction involving the withholding of shares to cover tax obligations on vested stock awards.
Summary
- On March 1, 2024, Joanne M. Lockridge, an Executive Vice President at AvalonBay Communities Inc. (AVB), had 807 shares of common stock withheld by the company.
- This withholding was to cover tax obligations related to the vesting of restricted stock and performance share unit awards under the company's equity incentive plan.
- Following the transaction, Lockridge directly owns 23,657 shares of AvalonBay common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices related to equity awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 02/28/2021 | Date of Power of Attorney |
| 03/01/2024 | Date of transaction: withholding of shares for tax obligations |
| 03/05/2024 | Date of signature on the Form 4 filing |
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