Schall Benjamin 4

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.