AvalonBay Communities (AVB) director adds 139 deferred stock units to holdings

Rhea-AI Filing Summary

AvalonBay Communities, Inc. director reported receiving additional equity as part of board compensation. On 12/01/2025, the director acquired 139 Deferred Stock Units of common stock at a price of $0 per unit, reflecting an election to take the quarterly cash director fee in stock units instead of cash under the company’s equity incentive plan.

After this grant, the director beneficially owns 6,045.2425 shares of common stock directly, including these deferred stock units, which may be subject to vesting. The units will convert into one share of common stock for each unit after the individual ceases to serve as a director.

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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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^*

Howard Christopher B.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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	12/01/2025		A		139(1)	A	$0	6,045.2425(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 Deferred Stock Units ("Units") under the issuer's Second Amended and Restated 2009 Equity Incentive Plan pursuant to an election previously made by the reporting person to receive Units in lieu of the quarterly cash director's fee otherwise due. The Units will convert into common stock on a one for one basis after the reporting person ceases to be a director of the issuer.

2. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including Units, which may be subject to vesting requirements.

	By Edward M. Schulman under Power of Attorney dated as of May 20, 2021	12/03/2025
	** 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 did AvalonBay Communities (AVB) disclose in this Form 4 filing?

The filing reports that a director of AvalonBay Communities received a grant of 139 Deferred Stock Units of common stock on 12/01/2025 as part of board compensation.

How many AvalonBay Communities (AVB) shares does the director own after this transaction?

Following the reported transaction, the director beneficially owns 6,045.2425 shares of AvalonBay Communities common stock directly, including Deferred Stock Units that may be subject to vesting.

What are the terms of the Deferred Stock Units granted by AvalonBay Communities (AVB)?

The 139 Deferred Stock Units were granted in lieu of the quarterly cash director fee, under the company’s equity incentive plan, and will convert into common stock on a one-for-one basis after the director ceases to serve on the board.

Did the AvalonBay Communities (AVB) director pay cash for the new Deferred Stock Units?

No. The transaction shows a price of $0 per unit, as the units were granted in exchange for the quarterly cash director fee rather than purchased for cash.

Is this AvalonBay Communities (AVB) Form 4 filed for one reporting person or a group?

The Form 4 is indicated as being filed by one reporting person, not by more than one reporting person.

What is the relationship of the reporting person to AvalonBay Communities (AVB)?

The reporting person is identified as a Director of AvalonBay Communities, Inc., with the director box checked and no officer or 10% owner role indicated.