HAVNER RONALD L JR 4

What Happened

• Ronald L. Havner Jr., a director of AvalonBay Communities, was granted 1,082 Deferred Stock Units on 2026-05-28. The Form 4 reports an acquisition (transaction code A) at $0.00 per unit (total reported value $0).
• These are deferred stock units (not immediate open-market purchases or sales) awarded as part of the issuer’s 2026 Equity Incentive Plan.

Key Details

• Transaction date: 2026-05-28; Filing date: 2026-06-01 (filing appears timely under Form 4 rules).
• Reported price: $0.00 per unit; reported amount acquired: 1,082 units.
• Shares owned after transaction: Filing notes ownership includes these 1,082 Units, but the total share count after the grant is not specified in the summary provided.
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding sale, or exercise/sale reported.
• Footnotes: Units are subject to vesting and will convert into common stock on a one-for-one basis after the reporting person ceases to be a director.

Context

• Deferred Stock Units are a common form of director compensation; they are not immediately tradable shares and typically convert to stock under specified conditions (here, upon leaving the board).
• Such awards are routine compensation and do not by themselves indicate the insider is buying or selling stock in the open market.