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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 690 shares
Net Sell
1 txn
Insider
Walsh Alaine Susan
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $.01 per share | 690 | $177.23 | $122K |
Holdings After Transaction:
Common Stock, par value $.01 per share — 9,429 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
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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.
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.