Thomas Pamela Rogers 4/A

What Happened

• Pamela Rogers, Executive Vice President of AvalonBay Communities, had 2,909 shares withheld by the company on March 1, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock/performance share units. The shares were withheld at an indicated price of $177.23 per share, for a cash-equivalent value of $515,562. This is a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: March 1, 2026 — 2,909 shares withheld at $177.23 each (total ~$515,562).
• Transaction type: Tax-withholding on vested equity awards (Code F).
• Shares owned after transaction: Not specified in the provided filing; the filing notes that the reported ownership figure reflects direct ownership of all common shares, including restricted shares (Footnote F2).
• Filing status: This is an AMENDED Form 4 — the original filing was amended to correct the number of shares withheld (Footnote F1). The filing date (Jun 22, 2026) is well after the Mar 1 transaction date, indicating the report was filed late relative to the typical Form 4 two-business-day rule.
• Footnotes: F1 explains the withholding to cover tax obligations and that the number withheld was corrected; F2 clarifies that post-transaction ownership includes restricted shares.

Context

• This is a routine corporate action to cover tax obligations from vested awards, not a discretionary open-market sale or purchase by the insider. Such withholdings are common following vesting events and do not by themselves indicate a change in the insider’s view of the company.