VIVMARK (VMRK) EVP Pamela Rogers Receives 56,725-Share Award

What Happened

• Thomas Pamela Rogers, EVP, Portfolio & Asset Management of VIVMARK RESIDENTIAL (VMRK), was granted two restricted-share awards on August 17, 2026: 37,875 shares and 18,850 shares, for a total of 56,725 VMRK restricted shares. The reported acquisition price is $0.00 (awarded, not purchased), so the filing lists $0 total paid.
• These awards were issued as part of the merger between AvalonBay Communities, Inc. (AVB) and VMRK; outstanding AVB performance awards were converted into VMRK restricted-share awards under the Merger Agreement.

Key Details

• Transaction date(s) and price(s): 2026-08-17; two awards at $0.00 per share (grant/award, code A).
• Share breakdown: 37,875 shares and 18,850 shares; total granted = 56,725 restricted VMRK shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • The grants resulted from the Merger Agreement dated May 20, 2026, converting AVB performance awards into VMRK restricted-share awards (F1–F3).
  • Conversion used a multiplier of 2.793 and amounts were rounded to the nearest whole share (F3).
  • Awards remain subject to time-based vesting consistent with the original AVB awards; some restricted shares are scheduled to vest on August 17, 2029 (F4–F5).
• Filing timeliness: Reported period date 2026-08-17; Form 4 filed 2026-08-19 — within typical 2-business-day window for Form 4 filings.

Context

• These were grant/conversion awards (not open-market purchases or sales). Restricted shares typically vest over time and are not immediately free to sell; they reflect compensation or converted equity rather than a market vote by the insider.