VIVMARK (VMRK) CEO Benjamin Schall Receives Restricted Unit Awards

What Happened
Benjamin Schall, President & CEO and Director of VIVMARK Residential (VMRK), was granted a total of 268,611 restricted unit awards (RUs/derivative awards) on August 17, 2026. The grant breaks down as: 76,606; 33,569; 30,240 (reported at $0.50 each, total $15,120); 78,156; and 50,040 units. Most tranches show $0 reported value because they were converted from prior AvalonBay (AVB) performance awards as part of the merger consideration.

Key Details

• Transaction date: August 17, 2026; Form 4 filed August 19, 2026 (timely filing). Transaction code: A (award/grant).
• Units granted: 268,611 RUs total (76,606; 33,569; 30,240; 78,156; 50,040). One tranche recorded at $0.50/unit ($15,120); others report $0 due to conversion treatment.
• Shares owned after transaction: not provided in the excerpt.
• Notable footnotes: awards were converted from AVB Performance Awards under the May 20, 2026 Merger Agreement between AvalonBay (AVB) and VIVMARK; RUs convert to OP Units and can be exchanged one-for-one for VMRK common shares (or cash at VMRK’s option) subject to vesting and other conditions. Several tranches have specific vesting dates and holding restrictions (e.g., scheduled vesting on 3/1/2027, 3/1/2028, Aug 17, 2029; certain awards subject to holding restriction until Aug 17, 2028).
• Filing timeliness: filed within normal Form 4 window (no late filing disclosed).

Context
These were compensation-style, derivative awards issued in connection with VMRK’s merger with AvalonBay; they are not open-market purchases or sales. Restricted units (RUs) represent partnership interests that may convert into OP Units and ultimately into VMRK common shares (or cash) once certain tax/accounting targets and vesting conditions are met. Such awards reflect post-merger conversion of prior AVB performance awards and are typical executive compensation — informative but not a direct buy/sell signal of immediate insider bullishness.