Flynn Conor C 4
4 · AVALONBAY COMMUNITIES INC · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
AvalonBay (AVB) Director Conor C. Flynn Receives Award
What Happened
Conor C. Flynn, a director of AvalonBay Communities, received an award of 135 Deferred Stock Units (DSUs) on 2026-05-19. The units were granted at $0.00 (no cash paid) as an election in lieu of the quarterly cash director fee; the reported value of the transaction is $0.
Key Details
- Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (timely filing).
- Transaction type/code: Award/Grant (A). Price per unit: $0.00. Quantity: 135 DSUs.
- Conversion/vesting: DSUs convert one-for-one into common stock after the reporting person ceases to be a director (per filing footnote). Units may be subject to vesting requirements.
- Shares owned after transaction: the filing indicates ownership includes these Units, but the total post-transaction share count is not specified in this summary.
- Footnotes: Grant made under the issuer’s 2009 Equity Incentive Plan pursuant to an election to receive units instead of cash director fees.
Context
This was a routine director compensation election (receiving deferred stock units instead of cash), not a cash purchase or sale. DSUs typically convert to shares later (here, upon leaving the board) and do not represent an immediate sale or market activity. Such grants are common and are primarily administrative compensation arrangements rather than directional insider trades.
Insider Transaction Report
- Award
Common Stock, par value $.01 per share
[F1][F2]2026-05-19+135→ 921.203 total
Footnotes (2)
- [F1]Reflects grant of Deferred Stock Units ("Units") under the issuer's Second Amended and Restated 2009 Equity Incentive Plan pursuant to an election previously made by the reporting person to receive Units in lieu of the quarterly cash director's fee otherwise due. The Units will convert into common stock on a one for one basis after the reporting person ceases to be a director of the issuer.
- [F2]The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including Units, which may be subject to vesting requirements.