AvalonBay (AVB) EVP Pamela Rogers Thomas reports new stock awards

Rhea-AI Filing Summary

AvalonBay Communities Executive Vice President Pamela Rogers Thomas reported two stock awards of the company’s common shares. She acquired 3,876 shares of restricted stock under AvalonBay’s Second Amended and Restated 2009 Equity Incentive Plan, which are subject to vesting. She also received 5,214 shares earned from previously granted performance share units. After these awards, her directly owned holdings, including restricted shares, increased as reflected in the filing.

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^*

Thomas Pamela Rogers

(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)
02/26/2026

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	02/26/2026		A		3,876(1)	A	$0	8,493(2)	D
Common Stock, par value $.01 per share	02/26/2026		A		5,214(3)	A	$0	13,707(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 shares of restricted stock under the Company's Second Amended and Restated 2009 Equity Incentive Plan, which shares are subject to vesting requirements.

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

3. Reflects shares earned in connection with previously awarded performance share units issued under the Company's Second Amended and Restated 2009 Equity Incentive Plan.

	By Lee N. Davis under Power of Attorney dated as of June 20, 2024	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did AVB executive Pamela Rogers Thomas report on this Form 4?

Pamela Rogers Thomas reported acquiring two blocks of AvalonBay common stock through equity awards. One grant was restricted stock, and the other reflected shares earned from performance share units, both under the company’s 2009 Equity Incentive Plan.

How many AvalonBay (AVB) shares did Pamela Rogers Thomas receive in these awards?

She received 3,876 shares of restricted stock and 5,214 shares earned from performance share units. Together, these equity awards increased her direct ownership position in AvalonBay’s common stock, as detailed in the Form 4 filing.

Were Pamela Rogers Thomas’s new AvalonBay (AVB) shares purchased on the open market?

No, the Form 4 shows her new AvalonBay shares came from equity awards, not open-market purchases. The transactions are coded as grants or awards, with a reported price per share of zero for each award.

Are the AvalonBay (AVB) restricted shares granted to Pamela Rogers Thomas fully vested?

No, the filing notes that the 3,876 restricted shares are subject to vesting requirements. This means she must satisfy certain conditions, such as time or performance criteria, before those shares become fully vested and unrestricted.

What plan governed the AvalonBay (AVB) equity awards to Pamela Rogers Thomas?

Both the restricted stock and performance share unit awards were issued under AvalonBay’s Second Amended and Restated 2009 Equity Incentive Plan. This plan provides for stock-based compensation to executives and other eligible participants in the company.