AvalonBay (AVB) EVP logs 690-share tax withholding on vested equity awards

Rhea-AI Filing Summary

AvalonBay Communities Inc Executive Vice President Alaine Susan Walsh reported a tax-related share disposition. On the reported date, 690 shares of common stock at a price of $177.23 per share were withheld by the company to cover tax obligations on vesting equity awards.

According to the filing, this was a tax-withholding disposition rather than an open-market sale and was made in connection with the vesting of restricted stock and performance share unit awards under AvalonBay's equity incentive plan. After this transaction, Walsh directly owned 9,429 shares of common stock, including restricted shares.

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^*

Walsh Alaine Susan

(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)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		F		690(1)	D	$177.23	9,429(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 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.

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

	Lee N. Davis, as attorney-in-fact under Power of Attorney dated January 31, 2024	03/03/2026
	** 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.
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FAQ

What insider transaction did AvalonBay Communities (AVB) report for Alaine Susan Walsh?

AvalonBay Communities reported that Executive Vice President Alaine Susan Walsh had 690 shares withheld for taxes on vested equity awards. This Form 4 filing documents a tax-withholding disposition, not an open-market sale, related to restricted stock and performance share unit vesting.

How many AvalonBay (AVB) shares were involved in Alaine Walsh’s Form 4 filing?

The Form 4 shows 690 shares of AvalonBay common stock were withheld to satisfy tax obligations. These shares related to the vesting of restricted stock and performance share unit awards granted under the company’s equity incentive plan, rather than a discretionary market transaction.

What price per share is reported in Alaine Walsh’s AvalonBay (AVB) Form 4 transaction?

The Form 4 reports a transaction price of $177.23 per AvalonBay share for the 690 shares withheld. This value is used for the tax-withholding disposition associated with vesting equity awards under AvalonBay’s Second Amended and Restated 2009 Equity Incentive Plan.

How many AvalonBay (AVB) shares does Alaine Walsh own after the reported transaction?

After the tax-withholding disposition, Alaine Susan Walsh directly owns 9,429 AvalonBay common shares. The filing notes this amount includes restricted shares, reflecting her total direct equity stake following the vesting-related withholding event.

Was Alaine Walsh’s AvalonBay (AVB) Form 4 transaction an open-market sale?

The transaction was not an open-market sale. The Form 4 and its footnote explain that 690 shares were withheld by AvalonBay to cover tax withholding obligations arising from the vesting of restricted stock and performance share unit awards under the company’s equity incentive plan.