Thomas Pamela Rogers 4

What Happened

• Pamela Thomas Rogers, Executive Vice President of AvalonBay Communities (AVB), had 2,652 shares disposed on 2026-03-01 as withholding to cover tax obligations tied to vesting equity awards. The shares were valued at $177.23 each, for a total of $470,014. This was a tax-withholding disposition (routine), not an open-market sale signaling investment intent.

Key Details

• Transaction date and price: 2026-03-01 at $177.23 per share.
• Shares disposed: 2,652; Total value: $470,014.
• Transaction type/code: F — withholding of shares to cover tax withholding on vested restricted stock/performance share units.
• Footnotes: F1 notes the withholding was under the Company’s Second Amended and Restated 2009 Equity Incentive Plan; F2 states post-transaction ownership reflects direct ownership of all common shares including restricted shares.
• Filing: Report filed 2026-03-03 for the 2026-03-01 transaction (appears timely based on provided dates).

Context

• This was a tax-withholding event tied to vesting of awards, not a discretionary sale; such withholdings are routine and do not necessarily indicate the insider’s view of the stock.
• Transaction code F is common when companies retain shares to satisfy tax withholding; no 10b5-1 plan or other sale plan is indicated in the provided details.