AvalonBay (NYSE: AVB) EVP uses 2,783 shares to cover tax withholding

Rhea-AI Filing Summary

AvalonBay Communities EVP-General Counsel Edward M. Schulman reported a tax-related share disposition. On the vesting of restricted stock and performance share units, the company withheld 2,783 shares of common stock at $177.23 per share to cover tax obligations. After this withholding, Schulman directly owned 23,917.6099 shares, including restricted shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SCHULMAN EDWARD M

Role EVP-General Counsel

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, par value $.01 per share	2,783	$177.23	$493K

Holdings After Transaction: Common Stock, par value $.01 per share — 23,917.61 shares (Direct)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

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
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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 VA 22203

(City) (State) (Zip)

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

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

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

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

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

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		2,783(1)	D	$177.23	23,917.6099(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.

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	03/03/2026
	** 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.

FAQ

What insider transaction did AVB executive Edward M. Schulman report on this Form 4?

Edward M. Schulman reported a tax-withholding disposition of 2,783 AvalonBay Communities common shares. The company withheld these shares upon vesting of restricted stock and performance share units to satisfy related tax obligations under its equity incentive plan.

Was Edward M. Schulman’s AVB Form 4 transaction an open-market sale of shares?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. AvalonBay withheld 2,783 shares when Schulman’s restricted stock and performance share unit awards vested to cover associated tax liabilities due at that time.

At what price were the 2,783 AvalonBay (AVB) shares valued for the tax withholding?

The 2,783 AvalonBay shares used for tax withholding were valued at $177.23 per share. This valuation is used solely to calculate the number of shares needed to satisfy Schulman’s tax obligations on the vesting of his equity awards.

How many AvalonBay (AVB) shares does Edward M. Schulman hold after this Form 4 transaction?

Following the tax-withholding disposition, Schulman directly owns 23,917.6099 AvalonBay common shares. This post-transaction amount includes both unrestricted and restricted shares as clarified in the filing’s footnote on his ownership.

What equity plan governed the AVB tax-withholding transaction for Edward M. Schulman?

The tax-withholding transaction occurred under AvalonBay’s Second Amended and Restated 2009 Equity Incentive Plan. Shares were withheld when Schulman’s restricted stock and performance share unit awards vested, in order to meet the resulting tax withholding requirements.

What is Edward M. Schulman’s role at AvalonBay Communities (AVB) as disclosed in the Form 4?

Schulman serves as Executive Vice President and General Counsel of AvalonBay Communities. His position and officer status are disclosed in the Form 4, which reports his equity-related tax-withholding transaction and resulting direct ownership of the company’s common stock.