Form 4: Director Susan Swanezy Receives Equity Grant at AvalonBay

Director Susan Swanezy was granted 1,082 deferred stock units under the AvalonBay Communities 2026 Equity Incentive Plan.

Summary

• Director Susan Swanezy acquired 1,082 deferred stock units (DSUs) on May 28, 2026.
• The units were granted under the issuer's 2026 Equity Incentive Plan.
• The DSUs will convert to common stock on a one-to-one basis upon the director's departure from the board.
• Following this transaction, the director's total beneficial ownership is 15,841.5093 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation with no material impact on company operations or financial health.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• The value of the deferred stock units is subject to the future market performance of AvalonBay Communities common stock.

Future Outlook

The deferred stock units are subject to vesting requirements and will convert to common stock upon the director's cessation of service.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice in the REIT sector to ensure board alignment with shareholder interests.

Comparison to Industry Standards

• The grant of deferred stock units is consistent with standard compensation practices for directors of large-cap REITs like AvalonBay.
• The structure of converting units to stock upon departure is a common retention and alignment mechanism used by S&P 500 companies.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation event.

Next Steps

• The director will hold the units until their eventual departure from the board.

Key Dates

Keywords

AvalonBay Communities, AVB, Form 4, Director Compensation, Equity Incentive Plan, Insider Transaction