AvalonBay Communities (AVB) COO receives restricted and performance stock

Rhea-AI Filing Summary

AvalonBay Communities Chief Operating Officer Sean J. Breslin reported two stock awards in the company’s common stock. On February 26, 2026, he acquired 6,992 shares of restricted stock and 12,141 shares earned from previously awarded performance share units. Both awards were granted at $0.00 per share and are held as direct ownership, with the restricted shares subject to vesting requirements.

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

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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^*

Breslin Sean J.

(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)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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	02/26/2026		A		6,992(1)	A	$0	74,657.3692(2)	D
Common Stock, par value $.01 per share	02/26/2026		A		12,141(3)	A	$0	86,798.3692(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 grant of shares of restricted stock under the Company's Second Amended and Restated 2009 Equity Incentive Plan, which shares are subject to vesting requirements.

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

3. Reflects shares earned in connection with previously awarded performance share units issued under the Company's Second Amended and Restated 2009 Equity Incentive Plan.

	Edward M. Schulman, as attorney-in-fact under Power of Attorney dated May 26, 2009	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did AVB executive Sean J. Breslin report?

Sean J. Breslin reported acquiring company stock through equity awards. He received 6,992 restricted shares and 12,141 shares earned from performance share units, all in AvalonBay Communities common stock, increasing his directly owned stake according to the reported post-transaction ownership figures.

Was cash paid for the AVB shares reported in this Form 4?

No cash was paid for these AVB shares. Both transactions show a price of $0.00 per share, reflecting equity compensation awards rather than open-market purchases, including restricted stock and shares earned from performance share units under the company’s equity incentive plan.

What types of equity awards did AVB grant to Sean J. Breslin?

He received two types of awards. One grant was 6,992 shares of restricted stock subject to vesting. The second was 12,141 shares earned from previously awarded performance share units, both issued under AvalonBay’s Second Amended and Restated 2009 Equity Incentive Plan.

How many AvalonBay shares does Sean J. Breslin directly own after the reported awards?

After the first award, direct ownership was reported at 74,657.3692 shares. Following the second award, total direct ownership was reported as 86,798.3692 shares, which includes both unrestricted and restricted common shares according to the filing’s ownership footnote.

Do the AVB restricted stock awards to Sean J. Breslin vest immediately?

The restricted stock does not vest immediately. The filing states the 6,992 granted shares are restricted stock issued under AvalonBay’s equity incentive plan and are subject to vesting requirements, meaning they become fully owned over time if conditions are met.