Schall Benjamin 4

4 · AVALONBAY COMMUNITIES INC · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

AvalonBay (AVB) CEO Benjamin Schall Receives Stock Awards

What Happened

Benjamin Schall, CEO, President and a director of AvalonBay Communities (AVB), was awarded a total of 65,354 shares on February 26, 2026. The awards break down as 9,586 restricted shares, 33,996 restricted shares, and 21,772 shares issued in connection with previously granted performance share units. All were reported as acquired at $0.00 (no cash paid).

Key Details

Transaction date: 2026-02-26; Form 4 filed 2026-03-02.
Breakdown: 9,586 shares (restricted stock) + 33,996 shares (restricted stock) + 21,772 shares (performance-share conversion) = 65,354 total.
Price/Value: Reported at $0.00 per share (award/grant), so no cash transaction.
Vesting/conditions: Restricted shares are subject to vesting under the company’s 2009 Equity Incentive Plan (see footnote F1); 21,772 shares reflect earned performance share units (footnote F3).
Ownership after transaction: The filing states that post-transaction ownership reflects direct ownership including restricted shares (footnote F2); the filing’s exact total holdings number is reflected there.
No indication in this filing of an open-market buy/sell or option exercise — these were equity awards.

Context

Awards and conversions like these are routine forms of executive compensation and do not by themselves indicate immediate buying or selling sentiment. Restricted shares and performance-share conversions typically vest over time or upon meeting performance goals; consult the footnotes for vesting schedules.

Form 4

Period: 2026-02-26

DirectorCEO & President

Transactions

Award
Common Stock, par value $.01 per share
[F1][F2]
2026-02-26+9,586→ 84,684.234 total
Award
Common Stock, par value $.01 per share
[F3][F2]
2026-02-26+33,996→ 118,680.234 total
Award
Employee Stock Options (Right to Buy)
[F4][F5]
2026-02-26+21,772→ 21,772 total
Exercise: $179.67From: 2027-03-01Exp: 2036-02-26→ Common Stock (21,772 underlying)

Holdings

Employee Stock Options (Right to Buy)
[F6]
Exercise: $221.58From: 2026-03-01Exp: 2035-02-26→ Common Stock (9,473 underlying)
9,473
Employee Stock Options (Right to Buy)
[F7]
Exercise: $172.11From: 2025-03-01Exp: 2034-02-13→ Common Stock (12,651 underlying)
12,651
Employee Stock Options (Right to Buy)
[F8]
Exercise: $177.83From: 2024-03-01Exp: 2033-02-23→ Common Stock (10,073 underlying)
10,073
Employee Stock Options (Right to Buy)
[F9]
Exercise: $236.14From: 2023-03-01Exp: 2032-02-17→ Common Stock (8,304 underlying)
8,304

Footnotes (9)

[F1]Reflects grant of shares of restricted stock under the Company's Second Amended and Restated 2009 Equity Incentive Plan, which shares are subject to vesting requirements.
[F2]The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
[F3]Reflects shares earned in connection with previously awarded performance share units issued under the Company's Second Amended and Restated 2009 Equity Incentive Plan.
[F4]Reflects grant of options under the Company's Second Amended and Restated 2009 Equity Incentive Plan.
[F5]These options vest in three equal annual installments, with the first installment vesting on 3/1/2027.
[F6]These options vest in three equal annual installments, with the first installment having vested on 3/1/2026.
[F7]These options vest in three equal annual installments, with the first installment having vested on 3/1/2025.
[F8]These options vest in three equal annual installments, with the first installment having vested on 3/1/2024.
[F9]These options vest in three equal annual installments, with the first installment having vested on 3/1/2023.

Signature

Edward M. Schulman, as attorney-in-fact under Power of Attorney dated January 19, 2021|2026-03-02

1 file