AvalonBay (AVB) Director Glyn Aeppel Disposes 15,659 Shares

What Happened

• Glyn Aeppel, a director of AvalonBay Communities, Inc. (AVB), reported a disposition to the issuer of 15,659.36 shares on August 17, 2026. The Form 4 shows the shares as “Disposed” and does not report a per‑share price or total dollar value.
• Footnotes to the filing state the transaction relates to AVB’s merger with Equity Residential (EQR) effective August 17, 2026 (EQR has since changed its name to Vivmark Residential). Deferred stock units held by the reporting person were converted into EQR common shares at an exchange ratio of 2.793; the reported total includes deferred stock units.

Key Details

• Transaction date: 2026-08-17
• Transaction type: Disposition to issuer (code D)
• Shares disposed: 15,659.36
• Price / value: Not reported on the Form 4
• Shares owned after transaction: Not specified in the filing
• Notable footnotes: F1 (merger details), F2 (conversion of deferred stock units at 2.793 exchange ratio; Aug 14, 2026 closing prices: AVB $184.06, EQR $65.97), F3 (total includes deferred stock units)
• Filing timeliness: Form 4 filed the same day (no late filing indicated)

Context

• “Disposition to issuer” in merger filings often reflects surrender or conversion of awards/units in connection with corporate transactions rather than an open‑market sale; the filing’s footnotes tie this entry to the AVB–EQR merger and conversion of deferred stock units. This transaction should be viewed as a corporate‑transaction‑related disposition, not necessarily as a personal liquidity event or sell signal by the director.