AvalonBay EVP shares withheld for equity taxes

AvalonBay Communities executive vice president and general counsel Edward M. Schulman reported an amended insider transaction related to equity award vesting.

Rhea-AI Filing Summary

AvalonBay Communities executive vice president and general counsel Edward M. Schulman reported an amended insider transaction related to equity award vesting. The company withheld 3,355 shares of common stock on March 1, 2026 to cover tax withholding obligations for vested restricted stock and performance share unit awards.

After this tax-withholding disposition, Schulman directly owns 23,345.6099 shares of AvalonBay common stock, including restricted shares. The amendment corrects the previously reported number of shares withheld and does not reflect an open-market sale decision.

Insider Trade Summary

Exercise Price or Tax Liability: 3,355 shares

Exercise Price or Tax Liability 1 txn

Insider SCHULMAN EDWARD M

Role EVP-General Counsel

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock, par value $.01 per share	3,355	$177.23	$595K

Holdings After Transaction: Common Stock, par value $.01 per share — 23,345.6099 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.

Key Figures

Shares withheld for taxes: 3,355 shares Withholding price per share: $177.23 per share Shares owned after transaction: 23,345.6099 shares +1 more

4 metrics

Shares withheld for taxes 3,355 shares Tax withholding on equity award vesting, March 1, 2026

Withholding price per share $177.23 per share Value used for tax-withholding disposition

Shares owned after transaction 23,345.6099 shares Direct ownership following tax withholding, includes restricted shares

Tax-withholding shares in summary 3,355 shares Classified as tax withholding in transaction summary

Key Terms

restricted stock, performance share unit awards, tax withholding obligations, Second Amended and Restated 2009 Equity Incentive Plan

4 terms

restricted stock financial

"Reflects withholding of shares by the Company to cover tax withholding obligations 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.

performance share unit awards financial

"withholding of shares by the Company to cover tax withholding obligations on the vesting of restricted stock and performance share unit awards"

tax withholding obligations financial

"Reflects withholding of shares by the Company to cover tax withholding obligations on the vesting of restricted stock and performance share unit awards"

Second Amended and Restated 2009 Equity Incentive Plan financial

"awards under the Company's Second Amended and Restated 2009 Equity Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AvalonBay (AVB) report for Edward M. Schulman?

AvalonBay reported that EVP-General Counsel Edward M. Schulman had 3,355 shares withheld to cover taxes on vested equity awards. This amended Form 4 corrects the number of withheld shares and reflects a routine, compensation-related adjustment rather than an open-market trade.

How many AvalonBay (AVB) shares were withheld for taxes in this Form 4/A?

A total of 3,355 AvalonBay common shares were withheld to satisfy tax obligations. The withholding occurred in connection with the vesting of restricted stock and performance share unit awards granted under the company’s Second Amended and Restated 2009 Equity Incentive Plan.

Was Edward M. Schulman’s AvalonBay (AVB) transaction an open-market sale?

No, the transaction was not an open-market sale. The 3,355 shares were withheld by AvalonBay to cover tax withholding obligations arising from the vesting of restricted stock and performance share unit awards, a common administrative step for equity compensation.

What is Edward M. Schulman’s AvalonBay (AVB) share ownership after this filing?

Following the tax-withholding transaction, Edward M. Schulman directly owns 23,345.6099 AvalonBay common shares. This figure includes restricted shares and represents his direct holdings after the company’s share withholding for equity award tax obligations.

Which equity plan governs the awards in this AvalonBay (AVB) Form 4/A?

The affected awards were granted under AvalonBay’s Second Amended and Restated 2009 Equity Incentive Plan. The reported share withholding covers tax obligations tied to the vesting of restricted stock and performance share unit awards issued pursuant to this equity incentive plan.

Why did AvalonBay (AVB) amend the original Form 4 for Edward M. Schulman?

The original Form 4 was amended to reflect the correct number of shares withheld for tax purposes. The Form 4/A clarifies that 3,355 shares were withheld in connection with the vesting of restricted stock and performance share unit awards, updating the prior disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/22/2026 - 04:20 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SCHULMAN EDWARD M

(Last) (First) (Middle)

C/O AVALONBAY COMMUNITIES, INC.

4040 WILSON BOULEVARD STE 1000

(Street)

ARLINGTON VIRGINIA 22203

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AVALONBAY COMMUNITIES INC [ AVB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP-General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/03/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01 per share	03/01/2026		F		3,355(1)	D	$177.23	23,345.6099(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.

	Edward M. Schulman	06/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)