SCHULMAN EDWARD M 4/A

What Happened

• Edward M. Schulman, EVP and General Counsel of AvalonBay Communities, had 3,355 shares withheld by the company on March 1, 2026 to satisfy tax withholding obligations related to the vesting of equity awards. The shares were valued at $177.23 each, for a total of $594,607. This was a withholding for taxes (disposition), not an open-market sale.

Key Details

• Transaction date and price: March 1, 2026 — 3,355 shares at $177.23 per share (total $594,607).
• Transaction type: F (shares withheld to cover tax liability on vesting of restricted stock/performance share units).
• Shares owned after transaction: Filing indicates direct ownership of all common shares (including restricted shares) but does not list a specific post-transaction share count in the summary provided (see footnote F2).
• Footnotes: F1 — Company withheld shares to cover tax withholding; the Form 4 was amended to correct the number of shares withheld. F2 — Post-transaction ownership figure reflects direct ownership including restricted shares.
• Filing status/timeliness: This is an amended Form 4 filed June 22, 2026 for a March 1, 2026 transaction, indicating the filing was amended and filed late.

Context

• This was a routine tax-withholding transaction tied to vesting of equity awards (restricted stock and performance share units) under AvalonBay’s equity incentive plan. Such withholdings are administrative and do not necessarily indicate insider sentiment about the stock; they differ from open-market sales or purchases.