VIVMARK RESIDENTIAL (VMRK) CFO Kevin O'Shea Receives Award

What Happened
Kevin P. O'Shea, Executive Vice President & Chief Financial Officer of VIVMARK RESIDENTIAL (VMRK), received a grant of restricted unit awards (RUs) on August 17, 2026 in connection with VMRK's merger with AvalonBay (AVB). The filing reports five RU awards totaling 96,859 units; one tranche shows a reported value of $4,793 (9,586 units at $0.50 each), while the other tranches are reported at $0.00. These awards are derivative interests (RUs/OP Units) rather than an open‑market purchase or sale.

Key Details

• Transaction date: August 17, 2026; Form 4 filed August 19, 2026 (timely filing).
• Total units reported: 96,859 restricted units (RUs / OP Units). Reported cash value on Form 4: $4,793 for one tranche.
• Vesting / holding: RUs vest on various dates (Mar 1, 2027; Mar 1, 2028; Mar 1, 2029; Aug 17, 2029). Some RUs (and any OP Units into which they convert) are subject to a holding restriction until Aug 17, 2028.
• Transaction type: A = Award/Grant (derivative).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: Awards were issued in lieu of AVB performance awards under the Merger Agreement; AVB awards were converted into RUs using the merger conversion mechanics (AVB performance awards converted into RUs, including a conversion factor referenced in the filing). RUs convert to OP Units and are exchangeable one‑for‑one for VMRK common shares (or cash at VMRK's option) when certain tax account targets are met.

Context
These entries reflect conversion and re‑granting of prior AVB performance awards into partnership restricted units as part of the merger between AVB and VMRK (a non‑market corporate transaction). Such derivative awards are common in corporate combinations and do not represent an open‑market buy or sell; they vest over time per the schedules above.