Form 4: AvalonBay Communities SVP-Finance and Treasurer Reports Changes in Beneficial Ownership
SEC Form 4
Keri A. Shea, SVP-Finance and Treasurer of AvalonBay Communities, reports transactions involving common stock and derivative securities, primarily related to her spouse's employment benefits.
Summary
- Keri A. Shea, SVP-Finance and Treasurer of AvalonBay Communities, filed a Form 4 detailing changes in beneficial ownership.
- The transactions primarily involve common stock and are related to her spouse's participation in the company's 2009 Equity Incentive Plan and employee stock purchase plan (ESPP).
- The report includes acquisitions of common stock by her spouse on 02/13/2014 (210 shares) and 02/12/2015 (283 shares) under the 2009 Equity Incentive Plan.
- It also details sales of common stock by her spouse on 05/22/2014 (36 shares), 12/11/2014 (33 shares), and 08/03/2015 (28 shares) through the ESPP.
- Shares were also withheld by the company on 03/01/2014 (12 shares) and 03/01/2015 (35 shares) to cover tax withholding obligations on the vesting of restricted stock and performance share unit awards.
- The reported sales were of shares acquired by the spouse through the company's employee stock purchase plan (ESPP).
- This Form 4 is the first of two filings due to limitations on the number of line items in a single form.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing routine transactions related to employee compensation. It doesn't inherently indicate positive or negative sentiment.
Positives
- The reporting person's spouse is actively participating in the company's equity incentive and employee stock purchase plans, indicating confidence in the company's future.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to employee compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/13/2014 | Spouse acquired 210 shares of common stock under the Company's 2009 Equity Incentive Plan. |
| 03/01/2014 | Withholding of 12 shares to cover tax obligations on vesting of restricted stock and performance share unit awards. |
| 05/22/2014 | Spouse sold 36 shares of common stock acquired through the Company's employee stock purchase plan (ESPP). |
| 12/11/2014 | Spouse sold 33 shares of common stock acquired through the Company's employee stock purchase plan (ESPP). |
| 02/12/2015 | Spouse acquired 283 shares of common stock under the Company's 2009 Equity Incentive Plan. |
| 03/01/2015 | Withholding of 35 shares to cover tax obligations on vesting of restricted stock and performance share unit awards. |
| 08/03/2015 | Spouse sold 28 shares of common stock acquired through the Company's employee stock purchase plan (ESPP). |
| 12/23/2024 | Date of signature for the report. |
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