O'Shea Kevin P. 4

What Happened Kevin P. O'Shea, Chief Financial Officer of AvalonBay Communities, was granted a total of 16,848 shares on Feb 26, 2026 via awards under the company's equity incentive plan. The filing shows two awards: 6,164 restricted shares and 10,684 shares earned from prior performance share units; both were recorded at $0.00 per share (awards, not cash purchases). These are compensation awards (transaction code A) and are subject to vesting and performance conditions as noted in the filing.

Key Details

• Transaction date: 2026-02-26 (Filed: 2026-03-02 — filing appears timely)
• Grants reported: 6,164 shares (restricted stock) and 10,684 shares (earned from performance share units); total 16,848 shares
• Reported price: $0.00 (awards/grants — no cash paid)
• Shares owned after transaction: Filing notes direct ownership of all common shares including these restricted shares (total outstanding shares owned not specified in the provided summary)
• Relevant footnotes:
  • F1: 6,164 shares are restricted stock subject to vesting
  • F3: 10,684 shares were earned from previously awarded performance share units
  • F2: The post-transaction ownership figure includes restricted shares
• Transaction code: A = Award/Grant

Context These grants are standard executive compensation (restricted stock and conversion of performance share units) and do not represent an open-market purchase or sale. Such awards are routine and intended for retention/incentive; they should be interpreted as compensation-related rather than a direct bullish or bearish signal by the insider.