Birenbaum Matthew H. 4/A

What Happened

• Matthew H. Birenbaum, Chief Investment Officer of AvalonBay Communities, had 7,595 shares of AVB withheld by the company to satisfy tax withholding obligations tied to the vesting of restricted stock/performance share units. The shares were recorded at $177.23 each for a total value of approximately $1,346,062. This is a tax-withholding disposition (transaction code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-03-01; Price: $177.23 per share; Total value: ~$1.35M.
• Transaction type: F — shares withheld by the company to cover tax withholding on vesting.
• Filing: Amended Form 4 filed 2026-06-22 to correct the number of shares withheld (original filing amended).
• Post-transaction holdings: The filing states post-transaction ownership reflects direct ownership including restricted shares; the exact post-transaction total is reported in the full filing.
• Footnotes: F1 explains the shares were withheld to cover tax obligations under the Company’s 2009 Equity Incentive Plan; F2 notes the ownership total includes restricted shares.

Context

• Tax-withholding dispositions are routine administrative transactions tied to equity vesting and do not represent a voluntary sale by the insider. They typically do not signal insider sentiment in the way open-market purchases or discretionary sales might. Check the complete amended Form 4 on EDGAR for the full holdings details and any earlier filings.