MUELLER CHARLES E JR 4

What Happened

• Charles E. Mueller Jr., a director of AvalonBay Communities, was granted 176 Deferred Stock Units on 2026-05-19. The grant price was $0.00 (reported as an award/grant, Code A). These Units were issued in lieu of a quarterly cash director fee and will convert one-for-one into common stock after he ceases to be a director.

Key Details

• Transaction date: 2026-05-19; Form 4 filed: 2026-05-21.
• Transaction type/code: Award/Grant (A); 176 Units @ $0.00.
• Consideration/value: $0 (deferred compensation in Units rather than cash).
• Shares owned after transaction: the filing notes ownership includes these Units, but a total post-transaction share count is not specified in the provided data.
• Footnotes: F1 — Units granted under the company’s equity plan per the director’s election to receive Units instead of cash fees. F2 — Reported ownership includes Units which may be subject to vesting.
• No 10b5-1 plan, tax-withholding sale, or sale/ purchase reported; filing not indicated as late.

Context

• This is a compensation-related award for a board member, not an open-market buy or sale. Deferred Stock Units are a common way directors receive compensation and do not represent an immediate cash transaction or an active market buy/sell signal. The Units will convert to common shares later (one-for-one) when the director leaves the board.