AvalonBay Communities, Inc. Form 4 Filings

Pamela Rogers Thomas, Executive Vice President of AvalonBay Communities, Inc. (AVB), reported two equity-related transactions on common stock. She was deemed to acquire 13,561 shares of AVB common stock pursuant to performance-based restricted stock units previously granted and determined by the Compensation Committee as of the merger effective time. She also reported a disposition to the issuer involving 23,879 shares of AVB common stock in connection with AVB’s merger of equals with Equity Residential (EQR), where each AVB share was converted into the right to receive 2.793 EQR common shares, plus cash in lieu of any fractional EQR shares. Following the merger, EQR changed its name to Vivmark Residential.

AVALONBAY COMMUNITIES INC reported equity award and conversion activity for Chief Investment Officer Matthew H. Birenbaum in connection with its merger of equals with Equity Residential, after which Equity Residential was renamed Vivmark Residential. Performance-based restricted stock units were deemed earned and converted into restricted Equity Residential shares or ERP Operating Limited Partnership interests, subject to existing time-based vesting. Each AvalonBay common share held by the reporting person at the effective time was automatically converted into the right to receive 2.793 Equity Residential common shares plus cash in lieu of fractional shares, and existing AvalonBay stock options were converted into options to acquire Equity Residential common shares with share count and exercise price adjusted by the 2.793 exchange ratio.

AVALONBAY COMMUNITIES INC COO Sean J. Breslin reported equity award changes tied to the merger of AvalonBay with Equity Residential, which was renamed Vivmark Residential. At the effective time of the merger, each share of AvalonBay common stock was converted into the right to receive 2.793 Equity Residential common shares plus cash in lieu of fractional shares. Breslin reported a deemed acquisition of 27,735 AvalonBay shares from performance-based restricted stock units that converted into rights to receive restricted Equity Residential shares or ERP Operating Limited Partnership interests, subject to time-based vesting. He also reported the disposition to the issuer of 106,920.22 AvalonBay shares and the disposition of options covering 17,458 AvalonBay shares at a $180.32 exercise price, which were converted into options to acquire Equity Residential shares using the same exchange ratio.

AVALONBAY COMMUNITIES INC executive Edward M. Schulman reported equity changes tied to the merger of AvalonBay with Equity Residential. He disposed of 6,983 AvalonBay stock options with a $180.32 exercise price and 36,177.7946 AvalonBay common shares, both treated as dispositions to the issuer in connection with the merger structure. He also acquired 12,770 shares of AvalonBay common stock at no cost through performance-based restricted stock units deemed earned and converted into time-based restricted equity in Equity Residential or ERP Operating Limited Partnership. Each AvalonBay share was converted into 2.793 Equity Residential common shares plus cash in lieu of fractional shares.

AvalonBay Communities executive Alaine Susan Walsh reported equity changes tied to the merger of AVB with Equity Residential (now Vivmark Residential). She disposed of 2,444 AVB stock options and 13,019 AVB common shares and was deemed to acquire 3,590 AVB shares from performance-based PSUs, all converted into Vivmark equity using a 2.793-for-1 exchange ratio.

AvalonBay Communities, Inc. (AVB) senior vice president Sean Thomas Willson reported two non-market transactions tied to AVB’s merger with Equity Residential (EQR). He was deemed to acquire 1,430 shares of AVB common stock from previously granted performance-based PSUs, which converted into rights to receive EQR equity subject to time vesting. He also disposed of 5,902.7233 AVB shares to the issuer in the merger completed on August 17, 2026, where each AVB share converted into the right to receive 2.793 EQR common shares plus cash in lieu of fractional shares. On August 14, 2026, AVB closed at $184.06 and EQR at $65.97, and EQR changed its name to Vivmark Residential.

AVALONBAY COMMUNITIES INC CEO & President Benjamin Schall reported equity changes tied to a merger of equals between AvalonBay and Equity Residential, which was renamed Vivmark Residential. In the merger, 178,819.7606 shares of AvalonBay common stock held by him were automatically converted into the right to receive Equity Residential common shares at an exchange ratio of 2.793 EQR shares per AvalonBay share, plus cash in lieu of fractional shares. He also reported an acquisition of 78,257 shares of AvalonBay common stock deemed earned from performance-based restricted stock units, and multiple employee stock option awards on AvalonBay shares were converted into options to acquire Equity Residential common shares with adjusted share counts and exercise prices, while preserving their original vesting schedules.

AVALONBAY COMMUNITIES INC director Christopher B. Howard reported a disposition to the issuer of 7,596.0349 shares of AVB common stock, including deferred stock units, on August 17, 2026. This occurred at the effective time of AVB’s merger of equals with Equity Residential, after which his directly held AVB common shares were reduced to 0.

Each deferred stock unit at the effective time was automatically converted into the right to receive 2.793 EQR common shares, in connection with the combination where AVB merged into a subsidiary of Equity Residential, which subsequently changed its name to Vivmark Residential.

AVALONBAY COMMUNITIES INC director Conor C. Flynn reported a disposition to the issuer of 2,021.9415 shares of common stock, including deferred stock units. Following this transaction, his reported direct holdings of AVB common stock are 0 shares. The transaction is linked to a merger of equals in which AvalonBay Communities, Inc. combined with Equity Residential, with Merger Sub surviving as a wholly owned subsidiary of Equity Residential, which changed its name to Vivmark Residential. At the effective time of the merger, each deferred stock unit was automatically converted into the right to receive 2.793 Equity Residential common shares.

AVALONBAY COMMUNITIES INC reported that director Ronald L. Havner Jr. disposed of 21,149.8805 shares of common stock, including deferred stock units, as a disposition to the issuer, leaving 0 shares directly held. This occurred in connection with a merger of equals in which AvalonBay combined with Equity Residential, with AvalonBay merging into a subsidiary of Equity Residential that continues as a wholly owned subsidiary renamed Vivmark Residential. At the merger’s effective time, each deferred stock unit held by Havner was converted into the right to receive 2.793 Equity Residential common shares.

AvalonBay Communities, Inc. (AVB) director Terry S. Brown reported a disposition to the issuer of 20,855.9231 shares of AVB common stock (including deferred stock units), leaving 0 shares held directly. This occurred in connection with a merger of equals in which AVB combined with Equity Residential (EQR) on August 17, 2026, with AVB merging into a subsidiary of EQR. At the merger’s effective time, each deferred stock unit held by Brown was automatically converted into the right to receive 2.793 EQR common shares per unit. On August 14, 2026, AVB’s closing price was $184.06 per share and EQR’s was $65.97 per share. Following the merger, EQR changed its name to Vivmark Residential.

AvalonBay Communities Inc. director Stephen P. Hills reported a disposition of 10,274.5732 shares of AVB common stock and related deferred stock units to the issuer on August 17, 2026, leaving 0 AVB shares reported as held.

This occurred in connection with a merger of equals in which AVB merged into a subsidiary of Equity Residential. At the effective time, each AVB share and deferred stock unit held by Hills was automatically converted into the right to receive 2.793 Equity Residential common shares (now Vivmark Residential), plus cash in lieu of fractional shares for AVB common stock.

AVALONBAY COMMUNITIES INC director Richard J. Lieb reported a disposition to the issuer of 9,928.6318 shares of AVB common stock, including deferred stock units, leaving 0 shares directly held after the transaction. The disposition occurred in connection with a merger of equals between AVB and Equity Residential effective August 17, 2026, under which each AVB share and relevant deferred stock unit was converted into the right to receive 2.793 Equity Residential common shares, with cash payable in lieu of fractional shares.

AvalonBay Communities, Inc. (AVB) director Nnenna Lynch reported a disposition to the issuer of 7,052.0462 shares of common stock, including deferred stock units, leaving 0 shares directly owned. The transaction occurred in connection with AVB’s merger of equals with Equity Residential (EQR), after which EQR was renamed Vivmark Residential. At the merger’s effective time, each deferred stock unit held converted into the right to receive 2.793 EQR common shares.

AVALONBAY COMMUNITIES INC reported that director Charles E. Mueller Jr. disposed of 8,623.5265 shares of AVB common stock and deferred stock units in a transaction coded as a disposition to issuer. This occurred in connection with a merger of equals in which AVB merged into a subsidiary of Equity Residential, which then changed its name to Vivmark Residential. At the merger’s effective time, each AVB share and deferred stock unit held by the reporting person was automatically converted into the right to receive 2.793 Vivmark Residential common shares per AVB share or unit, plus cash in lieu of any fractional share.

AVALONBAY COMMUNITIES INC director Timothy J. Naughton reported dispositions of all remaining AVB equity interests in connection with AVB’s merger of equals with Equity Residential. AVB common stock, deferred stock units and restricted shares, including 111,593.9208 directly held AVB shares and 14,024 indirectly held through a family trust, were converted into the right to receive Equity Residential (now Vivmark Residential) common shares at a fixed 2.793 exchange ratio. In a separate transaction, 69,832 AVB stock options with a $180.32 exercise price and 2031-02-25 expiration were disposed of to the issuer and, under the merger terms, converted into options to acquire Vivmark Residential shares on adjusted terms. Following these transactions, the reported AVB common stock and options positions are shown as 0.

AvalonBay Communities, Inc. director Susan Swanezy reported a disposition to the issuer of 15,980.6101 shares of AvalonBay common stock (including deferred stock units) on August 17, 2026, leaving her with 0 AvalonBay shares. This occurred in connection with a merger of equals in which AvalonBay combined with Equity Residential. At the merger’s effective time, each AvalonBay share and deferred stock unit held by her was automatically converted into the right to receive 2.793 Equity Residential common shares, with cash paid in lieu of any fractional Equity Residential shares. Following the transaction, Equity Residential changed its name to Vivmark Residential.

AvalonBay Communities Inc director Glyn Aeppel reported a disposition to the issuer of 15,659.3601 shares of AVB common stock, including deferred stock units, leaving 0 AVB shares held. The transaction occurred in connection with a merger-of-equals between AVB and Equity Residential, where each deferred stock unit was converted into the right to receive 2.793 Equity Residential common shares.

On 2026-08-01, AvalonBay Communities Executive Vice President Pamela Rogers Thomas had 480 common shares withheld by the company at $185.61 per share to satisfy tax withholding on the vesting of restricted stock awards granted under its 2009 equity incentive plan.

After this tax-withholding disposition, she directly owns 10,318 AvalonBay common shares, including restricted shares.

AvalonBay Communities Chief Financial Officer Kevin P. O'Shea reported a tax-related share disposition. The company withheld 6,663 shares of common stock at $177.23 per share to cover tax obligations upon vesting of restricted stock and performance share units. After this withholding, O'Shea directly owns about 33,104 shares of common stock, including restricted shares. The amended Form 4 corrects the previously reported number of shares withheld.

AvalonBay Communities executive vice president and general counsel Edward M. Schulman reported an amended insider transaction related to equity award vesting. The company withheld 3,355 shares of common stock on March 1, 2026 to cover tax withholding obligations for vested restricted stock and performance share unit awards.

After this tax-withholding disposition, Schulman directly owns 23,345.6099 shares of AvalonBay common stock, including restricted shares. The amendment corrects the previously reported number of shares withheld and does not reflect an open-market sale decision.

AvalonBay Communities CEO & President Benjamin Schall reported a tax-related share disposition tied to equity award vesting. On the reported date, 18,215 shares of common stock at a reference price of $177.23 per share were withheld by the company to satisfy tax withholding obligations on the vesting of restricted stock and performance share unit awards under its Second Amended and Restated 2009 Equity Incentive Plan. The amendment corrects the number of shares withheld. Following this non-market transaction, Schall directly owns 100,465.2339 shares of common stock, including restricted shares.

AvalonBay Communities’ Chief Investment Officer Matthew H. Birenbaum reported a routine tax-withholding share disposition. On the vesting of restricted stock and performance share unit awards, the company withheld 7,595 shares of common stock at $177.23 per share to cover tax obligations. Following this non-market transaction, Birenbaum directly owns 85,279.8925 common shares, including restricted shares.

AvalonBay Communities Executive Vice President Pamela Rogers Thomas reported a routine tax-related share disposition. The company withheld 2,909 shares of common stock at $177.23 per share to cover tax withholding obligations on the vesting of restricted stock and performance share unit awards. After this transaction, she directly owns 10,798 shares of common stock, including restricted shares.

AvalonBay Communities Chief Operating Officer Sean J. Breslin reported a routine share disposition related to equity award vesting. The company withheld 7,700 shares of common stock at $177.23 per share to cover tax withholding obligations on vested restricted stock and performance share units under its equity incentive plan. Following this tax-withholding transaction, Breslin directly owns about 79,098 shares of AvalonBay common stock, including restricted shares.

AvalonBay Communities director Susan Swanezy received an equity grant as part of her board compensation. She was awarded 1,082 Deferred Stock Units under the company’s 2026 Equity Incentive Plan at no cash cost. These units are subject to vesting and will convert into common stock on a one-for-one basis after she ceases to be a director. Following this grant, she directly owns a total of 15,841.5093 shares of common stock, including Deferred Stock Units.

AvalonBay Communities Inc. director Richard J. Lieb received an equity grant rather than buying shares on the market. He was awarded 1,082 Deferred Stock Units under the company’s 2026 Equity Incentive Plan at no cash cost, subject to vesting requirements. These units will convert into common stock on a one-to-one basis after he ceases to be a director. Following this grant, Lieb directly owns 9,888.9334 shares of common stock, including these and other units.

AvalonBay Communities director Charles E. Mueller Jr. received an equity award of 1,082 Deferred Stock Units under the company’s 2026 Equity Incentive Plan. These units are subject to vesting and will convert into common stock on a one-for-one basis after he ceases to be a director, bringing his direct holdings, including units, to about 8,556.47 shares.

AvalonBay Communities director Christopher B. Howard received a stock-based award. He was granted 1,082 Deferred Stock Units of common stock under the company’s 2026 Equity Incentive Plan at no cash cost. These units are subject to vesting and convert into common shares on a one-for-one basis after he ceases to be a director.

Following this grant, Howard directly owns 7,525.639 shares of common stock, including these units, some of which may still be subject to vesting requirements. This filing reflects routine equity compensation rather than an open-market purchase or sale.

AvalonBay Communities director Nnenna Lynch reported receiving a grant of 1,082 shares of common stock in the form of Deferred Stock Units under the company’s 2026 Equity Incentive Plan. These units were granted at no cash cost and are subject to vesting requirements.

The units will convert into common stock on a one-for-one basis after Lynch ceases to be a director. Following this award, she directly owns a total of 6,986.6916 shares of common stock, including all outstanding deferred stock units.

AvalonBay Communities director Stephen P. Hills received an award of 1,082 Deferred Stock Units on common stock under the company’s 2026 Equity Incentive Plan. These units are subject to vesting and will convert into common shares on a one-for-one basis after he ceases to be a director. Following this grant, he directly owns 10,184.0804 common shares, including these and other units that may still be subject to vesting.

AvalonBay Communities director Glyn Aeppel received a grant of 1,082 Deferred Stock Units as equity compensation. The award was granted at $0.00 per share under the company’s 2026 Equity Incentive Plan and is subject to vesting requirements. After this grant, Aeppel directly holds 15,514.2375 common shares, including these units, which will convert into common stock on a one-for-one basis after Aeppel ceases to be a director.

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.

AvalonBay Communities director Terry S. Brown received an equity grant rather than buying shares on the market. He was awarded 1,082 Deferred Stock Units under the company’s 2026 Equity Incentive Plan, at no cash cost, as part of his director compensation.

The units are subject to vesting requirements and will convert into common stock on a one-for-one basis after he ceases to be a director. Following this grant, he directly owns a total of 20,662.6415 common shares, including these and other units.

AvalonBay Communities director Conor C. Flynn received an equity award of 1,082 Deferred Stock Units on May 28, 2026 under the company’s 2026 Equity Incentive Plan. These units are subject to vesting and will convert into common stock one-to-one after he ceases to be a director. Following the award, he directly owns 2,003.2032 shares of common stock, including these units.

NAUGHTON TIMOTHY J reported acquisition or exercise transactions in this Form 4 filing.

AvalonBay Communities director Timothy J. Naughton received 1,082 shares of restricted common stock as a grant under the company’s 2026 Equity Incentive Plan. The award was granted at no cash cost to him and is subject to vesting requirements.

After this grant, he directly owns 111,560.3617 shares of common stock, including Deferred Stock Units, some of which may also be subject to vesting. Separately, a family trust holds 14,024 shares indirectly through his spouse, and he disclaims beneficial ownership of those trust shares; no transaction occurred in that indirect position.

AvalonBay Communities director Christopher B. Howard received an equity-based fee for board service. He was granted 135 shares of common stock in the form of Deferred Stock Units under the company’s equity incentive plan, in lieu of his quarterly cash director fee. These units will convert into common stock on a one-for-one basis after he ceases to be a director. Following this grant, he directly owns 6,443.639 shares of common stock, including these units, some of which may be subject to vesting requirements.

AvalonBay Communities director Ronald L. Havner Jr. received an award of 135 shares of common stock in the form of Deferred Stock Units under the company’s Second Amended and Restated 2009 Equity Incentive Plan. The grant reflects his prior election to take quarterly director fees in stock rather than cash.

These units will convert into common stock on a one-for-one basis after he ceases to be a director. Following this grant, he directly owns 19,871.875 shares of common stock, including deferred units that may be subject to vesting requirements.

AvalonBay Communities director Charles E. Mueller Jr. received an award of 176 Deferred Stock Units in the form of common stock under the company’s equity incentive plan. The award was taken in lieu of his quarterly cash director fee and carried a price of $0.00 per share.

The units convert into common stock on a one-for-one basis after he ceases to be a director. Following this grant, he directly owns a total of 7,474.4718 shares of common stock, including these units, some of which may be subject to vesting requirements.

AvalonBay Communities director Terry S. Brown received an award of 203 shares of common stock in the form of Deferred Stock Units under the company’s Second Amended and Restated 2009 Equity Incentive Plan. These units were granted in lieu of his quarterly cash director fee and will convert into common stock on a one-for-one basis after he ceases to be a director.

After this award, Brown directly owns a total of 19,580.6415 shares of common stock, including all Deferred Stock Units, some of which may be subject to vesting requirements.

AvalonBay Communities director Conor C. Flynn received 135 Deferred Stock Units as part of his quarterly board compensation. These units were granted in lieu of a cash director fee under the company’s equity incentive plan and carry a zero dollar grant price.

The Deferred Stock Units will convert into common stock on a one-for-one basis after Flynn ceases to be a director. Following this grant, he directly owns a total of 921.2032 shares of common stock, including these units, some of which may be subject to vesting requirements.

AvalonBay Communities director Conor C. Flynn reported receiving 140 shares worth of Deferred Stock Units as part of his quarterly director compensation. He had previously elected to take equity instead of a cash fee, at no stated purchase price. These units convert into common stock on a one-for-one basis after he leaves the board. Following this grant, he directly owns a total of 778.1172 shares of common stock, including deferred units that may be subject to vesting requirements.

AvalonBay Communities Inc. director Terry S. Brown received 209 Deferred Stock Units on March 2, 2026 as a grant under the company’s Second Amended and Restated 2009 Equity Incentive Plan. The grant represents an election to take quarterly director fees in stock units instead of cash.

The Units will convert into common stock on a one-for-one basis after Brown ceases to be a director. After this award, Brown directly owns a total of 19,178.3449 shares of common stock, including all Deferred Stock Units, some of which may be subject to vesting.

AvalonBay Communities director Charles E. Mueller Jr. received an award of 182 Deferred Stock Units under the company’s equity incentive plan at a price of $0.00 per share. These units were elected in lieu of a quarterly cash director fee and will convert into common stock on a one-for-one basis after he ceases to be a director. Following this grant, his direct holdings, including such units that may be subject to vesting, total 7,237.6834 shares of common stock.

AvalonBay Communities director Ronald L. Havner Jr. received an equity-based compensation grant rather than making an open-market trade. On March 2, 2026, he acquired 140 Deferred Stock Units under the company’s 2009 Equity Incentive Plan in lieu of his quarterly cash director fee.

The units will convert into common stock on a one-for-one basis after he ceases to be a director. Following this grant, Havner directly owns 19,533.884 shares of common stock, a figure that includes these units and other shares that may be subject to vesting requirements.

AvalonBay Communities Inc. director Howard Christopher B. reported receiving an equity-based award instead of cash fees. On March 2, 2026, he acquired 140 Deferred Stock Units at a stated price of $0.00 per unit as a grant or award acquisition.

These Deferred Stock Units were issued under AvalonBay’s Second Amended and Restated 2009 Equity Incentive Plan pursuant to a prior election to take quarterly director fees in stock units rather than cash. The units convert into common stock on a one-for-one basis after he ceases to be a director, and his direct holdings, including these units, total about 6,243.7556 shares of common stock.

AVALONBAY COMMUNITIES INC Chief Investment Officer Matthew H. Birenbaum reported a tax-related share disposition. On March 1, 2026, he disposed of 5,706 shares of common stock at a transaction price of $177.23 per share through share withholding to cover tax obligations on vesting equity awards. After this withholding transaction, he directly owned 87,168.8925 shares of common stock, including restricted shares.

AvalonBay Communities Chief Financial Officer Kevin P. O'Shea reported an automatic share withholding related to equity compensation. On March 1, 2026, 4,983 shares of common stock at $177.23 per share were withheld by the company to cover tax obligations on the vesting of restricted stock and performance share unit awards. After this tax-withholding disposition, O'Shea directly held 34,783.9396 shares of AvalonBay common stock, including restricted shares.

AvalonBay Communities Inc. CEO and President Benjamin Schall reported a tax-related share disposition. On March 1, 2026, the company withheld 15,766 shares of common stock at $177.23 per share to cover tax obligations on the vesting of restricted stock and performance share units.

After this withholding, Schall directly owned 102,914.2339 shares of AvalonBay common stock, including restricted shares. This filing reflects an automatic tax-withholding event rather than an open-market purchase or sale.