AvalonBay (NYSE: AVB) COO uses 7,700 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
AvalonBay Communities Chief Operating Officer Sean J. Breslin reported a routine share disposition related to equity award vesting. The company withheld 7,700 shares of common stock at $177.23 per share to cover tax withholding obligations on vested restricted stock and performance share units under its equity incentive plan. Following this tax-withholding transaction, Breslin directly owns about 79,098 shares of AvalonBay common stock, including restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Breslin Sean J.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $.01 per share | 7,700 | $177.23 | $1.36M |
Holdings After Transaction:
Common Stock, par value $.01 per share — 79,098.369 shares (Direct, null)
Footnotes (1)
- Reflects withholding of shares by the Company to cover tax withholding obligations on the vesting of restricted stock and performance share unit awards under the Company's Second Amended and Restated 2009 Equity Incentive Plan. The original Form 4 filing has been amended to reflect the correct number of shares withheld. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
Key Figures
Tax-withholding shares: 7,700 shares
Withholding price: $177.23 per share
Post-transaction holdings: 79,098.3692 shares
3 metrics
Tax-withholding shares
7,700 shares
Shares withheld to cover tax obligations on vesting awards
Withholding price
$177.23 per share
Value assigned to shares withheld for tax
Post-transaction holdings
79,098.3692 shares
Direct common stock ownership after tax-withholding transaction
Key Terms
restricted stock, performance share unit awards, tax withholding obligations, Equity Incentive Plan, +1 more
5 terms
restricted stock financial
"on the vesting of restricted stock and performance share unit awards"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligations financial
"withholding of shares by the Company to cover tax withholding obligations on the vesting"
Equity Incentive Plan financial
"under the Company's Second Amended and Restated 2009 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Form 4/A regulatory
"The original Form 4 filing has been amended to reflect the correct number"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
FAQ
What insider transaction did AvalonBay (AVB) report for Sean J. Breslin?
AvalonBay’s COO Sean J. Breslin reported a tax-related share disposition. The company withheld 7,700 common shares to satisfy tax obligations on vested restricted stock and performance share unit awards under its equity incentive plan.
Was the AvalonBay (AVB) COO’s Form 4/A transaction an open-market sale?
No, the AvalonBay COO’s Form 4/A transaction was not an open-market sale. It reflects shares withheld by the company to cover tax liabilities upon vesting of equity awards, a common non-market administrative event for executive compensation.
Why was AvalonBay’s (AVB) original Form 4 amended?
The Form 4 was amended to correct the number of shares withheld for taxes. AvalonBay clarified that the updated Form 4/A shows the accurate 7,700 shares used to cover tax obligations from vesting restricted stock and performance share unit awards.