AvalonBay (NYSE: AVB) COO covers tax obligations with 5,771 shares
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,771 shares
Net Sell
1 txn
Insider
Breslin Sean J.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $.01 per share | 5,771 | $177.23 | $1.02M |
Holdings After Transaction:
Common Stock, par value $.01 per share — 81,027.3692 shares (Direct)
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.
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FAQ
What insider transaction did AvalonBay (AVB) report for Sean J. Breslin?
AvalonBay reported that COO Sean J. Breslin had 5,771 common shares withheld to cover tax obligations. The withholding was tied to vesting of restricted stock and performance share unit awards under the company’s equity incentive plan.
What plan governed the equity awards in this AvalonBay (AVB) Form 4?
The equity awards were granted under AvalonBay’s Second Amended and Restated 2009 Equity Incentive Plan. The reported withholding of 5,771 shares covered tax obligations associated with vesting of restricted stock and performance share unit awards under this plan.