AvalonBay (AVB) SVP has 249 shares withheld for taxes on equity vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AvalonBay Communities Inc. senior vice president Sean Thomas Willson reported a tax-related share disposition under the company’s equity plan. On the transaction date, 249 shares of common stock were withheld at a price of $177.23 per share to cover tax obligations tied to vesting of restricted stock and performance share units.
After this tax-withholding disposition, Willson directly owned a total of 4,373.186 shares of AvalonBay common stock, including restricted shares, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Willson Sean Thomas
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $.01 per share | 249 | $177.23 | $44K |
Holdings After Transaction:
Common Stock, par value $.01 per share — 4,373.186 shares (Direct)
Footnotes (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. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
FAQ
What insider transaction did AvalonBay Communities (AVB) report for Sean Thomas Willson?
AvalonBay Communities reported that senior vice president Sean Thomas Willson had 249 shares withheld for taxes. The shares were related to vesting of restricted stock and performance share units under AvalonBay’s equity incentive plan, rather than an open-market purchase or sale.
What equity plan is referenced in the AvalonBay (AVB) Form 4 filing for Sean Willson?
The Form 4 references AvalonBay’s Second Amended and Restated 2009 Equity Incentive Plan. Under this plan, restricted stock and performance share unit awards vested, and the company withheld 249 shares to cover associated tax obligations, which is reported as a tax-withholding disposition.