MUELLER CHARLES E JR 4

What Happened Charles E. Mueller Jr., a director of AvalonBay Communities, Inc. (AVB), was granted 1,082 Deferred Stock Units (Units) on 2026-05-28. The award was reported as an acquisition at $0.00 (no cash paid); the Units will convert into common stock on a one-for-one basis and are subject to vesting requirements. This is a compensation award to a director, not a market purchase or sale.

Key Details

• Transaction date and terms: 2026-05-28 — Grant of 1,082 Deferred Stock Units at $0.00 (award).
• Shares owned after transaction: the filing notes that reported ownership includes these Units; the exact total outstanding shares held (including Units) is reflected in the Form 4 but is not listed here.
• Footnotes: F1 — Units granted under the issuer’s 2026 Equity Incentive Plan and subject to vesting; they convert 1:1 to common stock after the reporting person ceases to be a director. F2 — Post-transaction ownership figure reported includes the Units and may be subject to vesting.
• Timeliness: Filing date 2026-06-01 for a 2026-05-28 transaction — filed within the customary two-business-day window (timely).

Context Deferred stock unit awards to directors are common as part of board compensation and do not by themselves indicate the insider’s view of the company’s near-term prospects. These Units are a form of deferred equity that become actual shares under the conditions noted (vesting and conversion).