NAUGHTON TIMOTHY J 4

What Happened

• Timothy J. Naughton, a director of AvalonBay Communities, was granted 1,082 shares of restricted common stock on 2026-05-28. The reported acquisition price is $0.00 (award under the issuer's 2026 Equity Incentive Plan). The filing reports no cash exchanged in the transaction.

Key Details

• Transaction date: 2026-05-28; Form 4 filed: 2026-06-01.
• Transaction type/code: Award/Grant (Form 4 code A).
• Shares granted: 1,082 restricted shares; reported acquisition price: $0.00.
• Shares owned after transaction: exact post-transaction total not specified in the filing; footnote indicates the total reflects direct ownership including Deferred Stock Units.
• Footnotes of note:
  • F1: Shares are restricted stock under the 2026 Equity Incentive Plan and are subject to vesting requirements.
  • F2: Post-transaction ownership shown on the filing includes direct ownership and Deferred Stock Units, some of which may vest later.
  • F3: Notes an indirect spousal/family trust interest (disclaimer); not directly tied to the reported award.
• Filing timeliness: Form filed four days after the grant (filed 2026-06-01 for a 2026-05-28 transaction). Form 4s are typically due within two business days of the transaction, so this filing appears later than the usual window.

Context

• This was a compensation award (restricted stock grant), not an open-market purchase or sale. Restricted shares are often used for director compensation or retention and vest over time; they do not reflect an immediate cash investment or sale. Such awards are routine corporate compensation events and should be interpreted as grant/retention activity rather than a direct insider market vote.