AvalonBay (AVB) Director Conor Flynn Disposes 2,021.942 Shares

What Happened
Conor C. Flynn, a director of AvalonBay Communities, Inc. (AVB), recorded a disposition to the issuer (transaction code D) of 2,021.942 shares on August 17, 2026. No per-share price or total proceeds are reported in the filing. The filing notes this action occurred in connection with AVB’s merger with Equity Residential (EQR) that closed on August 17, 2026; deferred stock units were converted as part of the merger process.

Key Details

• Transaction date: 2026-08-17; Transaction type: D (Disposition to issuer).
• Shares disposed: 2,021.942. Price: N/A (not reported).
• Filing date / Period of report: 2026-08-17 — appears filed timely (same-day).
• Footnote highlights: merger of equals with EQR (effective 8/17/2026); deferred stock units converted into the right to receive 2.793 EQR shares per unit; total reported amount includes deferred stock units.
• Shares owned after transaction: not specified in the Form 4 filing.

Context
A “Disposition to issuer” in a merger often reflects surrender, conversion, or exchange of holdings as part of the transaction mechanics (e.g., share-for-share exchange, settlement of deferred units). The filing also notes that EQR changed its name to Vivmark Residential after the merger. Closing prices cited in the filing (for reference) on 2026-08-14 were AVB $184.06 and EQR $65.97, but because no price is reported for this specific disposition, no precise dollar value can be determined from the Form 4 alone.