AvalonBay COO reports tax withholding in stock
AVALONBAY COMMUNITIES INC Chief Operating Officer Sean J. Breslin reported a tax-related share disposition.
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Rhea-AI Filing Summary
AVALONBAY COMMUNITIES INC Chief Operating Officer Sean J. Breslin reported a tax-related share disposition. The company withheld 5,771 shares of common stock at $177.23 per share to cover tax obligations on the vesting of restricted stock and performance share unit awards under its equity incentive plan.
After this withholding, Breslin directly owns 81,027.3692 shares of AvalonBay common stock, including restricted shares. This filing reflects administrative tax withholding rather than an open-market stock sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $.01 per share | 5,771 | $177.23 | $1.02M |
Footnotes (2)
- 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.
- F2. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
FAQ
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What insider transaction did AvalonBay (AVB) report for Sean J. Breslin?
What plan governed the equity awards in this AvalonBay (AVB) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.