HAVNER RONALD L JR 4
4 · AVALONBAY COMMUNITIES INC · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
AvalonBay (AVB) Director Ronald Havner Receives Deferred Stock Award
What Happened
Ronald L. Havner Jr., a director of AvalonBay Communities, was granted 135 Deferred Stock Units (DSUs) on May 19, 2026. The filing shows the acquisition price as $0.00 (award), so no cash was exchanged. These units were issued in lieu of a quarterly cash director fee.
Key Details
- Transaction type/code: Award (A) — grant of 135 Deferred Stock Units on 2026-05-19 at $0.00 per unit.
- Filing date: 2026-05-21 (filed within the usual 2-business-day Form 4 window).
- Shares owned after transaction: the filing notes that reported ownership includes these Units, but the exact total share count after the grant is not specified in the provided data.
- Footnotes:
- F1 — Units granted under the company’s Equity Incentive Plan pursuant to Havner’s election to receive DSUs instead of cash. Units convert 1-for-1 into common stock only after he ceases to be a director.
- F2 — Reported ownership includes direct ownership of common stock and these Units, which may be subject to vesting or conversion conditions.
Context
This was a routine director compensation election (deferred equity instead of cash), not an open-market buy or sale. DSUs are deferred compensation and only convert to actual shares upon his departure from the board, so this grant does not indicate an immediate purchase or sale of stock.
Insider Transaction Report
Form 4
HAVNER RONALD L JR
Director
Transactions
- Award
Common Stock, par value $.01 per share
[F1][F2]2026-05-19+135→ 19,871.875 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.
Signature
By Edward M. Schulman under Power of Attorney dated as of September 16, 2014|2026-05-21