AvalonBay director granted 1,082 stock units

AvalonBay Communities director Susan Swanezy received an equity grant as part of her board compensation.

Accepted by SEC EDGAR 06/01/2026 - 09:07 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

AvalonBay Communities director Susan Swanezy received an equity grant as part of her board compensation. She was awarded 1,082 Deferred Stock Units under the company’s 2026 Equity Incentive Plan at no cash cost. These units are subject to vesting and will convert into common stock on a one-for-one basis after she ceases to be a director. Following this grant, she directly owns a total of 15,841.5093 shares of common stock, including Deferred Stock Units.

Insider Trade Summary

Grant/Award: 1,082 shares

Grant/Award 1 txn

Insider Swanezy Susan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01 per share	1,082	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $.01 per share — 15,841.5093 shares (Direct)

Holdings Before and After: Common Stock, par value $.01 per share, 14,759.5093 to 15,841.5093 shares (Direct)

Footnotes (2)

1. F1. Reflects grant of Deferred Stock Units ("Units") under the issuer's 2026 Equity Incentive Plan, which Units are subject to vesting requirements. The Units will convert into common stock on a one to one basis after the reporting person ceases to be a director of the issuer.
2. F2. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including Deferred Stock Units, which may be subject to vesting requirements.

Key Figures

Deferred Stock Units granted: 1,082 units Holdings after transaction: 15,841.5093 shares Transaction price per share: $0.0000 per share +2 more

5 metrics

Deferred Stock Units granted 1,082 units Equity award under 2026 Equity Incentive Plan

Holdings after transaction 15,841.5093 shares Direct ownership including Deferred Stock Units

Transaction price per share $0.0000 per share Grant of Deferred Stock Units, no cash paid

Transaction code A (Grant, award, or other acquisition) Non-derivative equity award to director

Conversion ratio 1 unit = 1 share Units convert into common stock one-for-one

Key Terms

Deferred Stock Units, 2026 Equity Incentive Plan, vesting requirements, Form 4

4 terms

Deferred Stock Units financial

"Reflects grant of Deferred Stock Units ("Units") under the issuer's 2026 Equity Incentive Plan"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

2026 Equity Incentive Plan financial

"Reflects grant of Deferred Stock Units ("Units") under the issuer's 2026 Equity Incentive Plan"

vesting requirements financial

"which Units are subject to vesting requirements"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did AvalonBay Communities (AVB) director Susan Swanezy receive?

Susan Swanezy received a grant of 1,082 Deferred Stock Units as board compensation. These units were awarded under AvalonBay Communities’ 2026 Equity Incentive Plan at no cash cost and represent a future right to receive common shares, subject to vesting requirements.

How many AvalonBay Communities (AVB) shares does Susan Swanezy hold after this grant?

After the grant, Susan Swanezy directly owns 15,841.5093 shares of AvalonBay common stock. This figure includes all directly held shares and Deferred Stock Units, some of which may still be subject to vesting conditions under the company’s equity compensation arrangements.

When do Susan Swanezy’s AvalonBay (AVB) Deferred Stock Units convert into common stock?

The Deferred Stock Units convert into AvalonBay common stock on a one-for-one basis after Susan Swanezy ceases to be a director. Until then, the units remain deferred awards, subject to vesting requirements specified in the company’s 2026 Equity Incentive Plan.

What is the nature of the Form 4 transaction reported for AvalonBay (AVB) director Susan Swanezy?

The Form 4 reports an acquisition transaction coded as a grant or award. It reflects 1,082 Deferred Stock Units granted as equity compensation, rather than an open-market stock purchase or sale, and therefore does not involve a cash transaction at a market price.

Are Susan Swanezy’s AvalonBay (AVB) Deferred Stock Units subject to vesting?

Yes. The Deferred Stock Units granted to Susan Swanezy are explicitly described as subject to vesting requirements. This means she must satisfy service or other conditions before units fully vest and later convert into common stock after she leaves the board.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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
Estimated average burden
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^*

Swanezy Susan

(Last) (First) (Middle)

C/O AVALONBAY COMMUNITIES, INC.

4040 WILSON BOULEVARD STE 1000

(Street)

ARLINGTON VIRGINIA 22203

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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

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

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

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	05/28/2026		A		1,082(1)	A	$0	15,841.5093(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 2026 Equity Incentive Plan, which Units are subject to vesting requirements. The Units will convert into common stock on a one to 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 Deferred Stock Units, which may be subject to vesting requirements.

	By Edward M. Schulman under Power of Attorney dated as of August 31, 2016	06/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)