AvalonBay director granted 1,082 stock units

AvalonBay Communities director Ronald L. Havner Jr. reported an award of 1,082 Deferred Stock Units under the company’s 2026 Equity Incentive Plan.

Rhea-AI Filing Summary

AvalonBay Communities director Ronald L. Havner Jr. reported an award of 1,082 Deferred Stock Units under the company’s 2026 Equity Incentive Plan. These units were granted at no cash purchase price and are subject to vesting requirements set by the plan.

The Deferred Stock Units will convert into common stock on a one-for-one basis after Havner ceases to be a director. Following this grant, he directly owns 20,953.875 shares of common stock, including these units and any other units that may still be subject to vesting.

Insider Trade Summary

Grant/Award: 1,082 shares

Grant/Award 1 txn

Insider HAVNER RONALD L JR

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 — 20,953.875 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 Units, which may be subject to vesting requirements.

Key Figures

Deferred Stock Units granted: 1,082 units Grant price per unit: $0.0000 per unit Total direct holdings after grant: 20,953.875 shares +1 more

4 metrics

Deferred Stock Units granted 1,082 units Equity award on 2026-05-28

Grant price per unit $0.0000 per unit Compensation grant, not open-market purchase

Total direct holdings after grant 20,953.875 shares Common stock including Deferred Stock Units

Conversion ratio 1 Unit : 1 share Deferred Stock Units to common stock after board service

Key Terms

Deferred Stock Units, 2026 Equity Incentive Plan, vesting requirements, one to one basis

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"

one to one basis financial

"The Units will convert into common stock on a one to one basis"

FAQ

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

What insider transaction did AvalonBay Communities (AVB) report for Ronald L. Havner Jr.?

AvalonBay Communities reported that director Ronald L. Havner Jr. received 1,082 Deferred Stock Units as an equity award. The grant was made under the company’s 2026 Equity Incentive Plan and carries no cash purchase price, functioning as stock-based director compensation subject to vesting.

How many AvalonBay Communities (AVB) shares does Ronald L. Havner Jr. hold after this Form 4?

After the reported grant, Ronald L. Havner Jr. directly holds 20,953.875 shares of AvalonBay common stock. This figure includes both regular shares and Deferred Stock Units, some of which may still be subject to vesting requirements under the company’s equity incentive arrangements.

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

The Deferred Stock Units are granted under AvalonBay’s 2026 Equity Incentive Plan and are subject to vesting requirements. Each unit converts into one share of common stock after the director ceases to serve on the board, effectively deferring delivery of the underlying shares until board service ends.

Did Ronald L. Havner Jr. buy AvalonBay Communities (AVB) shares on the open market?

No, the Form 4 shows an award of 1,082 Deferred Stock Units rather than an open-market purchase. The transaction is coded as a grant or other acquisition with a price of $0.0000 per share, indicating compensation, not a cash-funded stock purchase.

How do the AvalonBay Communities (AVB) Deferred Stock Units convert into common stock?

Each Deferred Stock Unit converts into one share of AvalonBay common stock on a one-for-one basis. The conversion occurs after the reporting person ceases to be a director, aligning the equity award’s settlement with the end of the individual’s board service.

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

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Accepted by SEC EDGAR 06/01/2026 - 08:59 PM Learn about SEC filing dates

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^*

HAVNER RONALD L JR

(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	20,953.875(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 Units, which may be subject to vesting requirements.

	By Edward M. Schulman under Power of Attorney dated as of September 16, 2014	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)