Aeppel Glyn 4

What Happened

• Aeppel Glyn, a director of AVALONBAY COMMUNITIES INC (AVB), was granted 1,082 Deferred Stock Units on May 28, 2026. The Form 4 reports the acquisition as an award (code A) at $0.00, so no cash was paid.
• The 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, per the filing.

Key Details

• Transaction date: 2026-05-28; Form 4 filed: 2026-06-01.
• Amount: 1,082 Deferred Stock Units; reported price: $0.00 (award).
• Post-transaction holdings: the filing notes reported securities include the Units, but a total post-transaction share count is not listed.
• Footnotes: F1 — Units granted under the 2026 Equity Incentive Plan and subject to vesting; convert 1:1 to common stock after cessation of directorship. F2 — Reported ownership reflects direct ownership including Units, which may vest.
• No indication in the filing that the report was late.

Context

• Deferred Stock Units are a form of compensation for directors that vests or converts later and typically reflect long-term, service-related pay rather than an immediate view on the stock. Awards are routine for board members and do not, by themselves, signal a near-term trading intent.