Birenbaum Matthew H. 4

4 · AVALONBAY COMMUNITIES INC · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

AvalonBay (AVB) CIO Matthew H. Birenbaum Receives Stock Award

What Happened

Matthew H. Birenbaum, Chief Investment Officer of AvalonBay Communities, received two awards on 2026-02-26: 7,926 shares of restricted stock and 12,141 shares earned from previously granted performance share units. Both acquisitions are reported as awards (code A) at $0.00 per share (no cash paid).

Key Details

Transaction date: 2026-02-26 (Form 4 filed 2026-03-02; filing appears timely).
Transaction type/code: A = Award/Grant.
Shares granted: 7,926 restricted shares (F1) and 12,141 shares from earned PSUs (F3); total 20,067 shares acquired at $0.00 per share.
Shares owned after transaction: filing notes that the amount reported reflects direct ownership including restricted shares (F2); the filing text supplied here does not state the exact post-transaction total.
No 10b5-1 plan, tax-withholding sale, or late-filing flag noted in the provided footnotes.

Context

The 7,926-share award is restricted stock subject to vesting under AvalonBay’s equity incentive plan; the 12,141 shares represent PSUs that vested/converted into shares. Awards and PSU payouts are routine forms of executive compensation and do not represent an open-market purchase or sale. They are informative about compensation but do not by themselves indicate the insider’s short-term trading sentiment.

Form 4

Period: 2026-02-26

Chief Investment Officer

Transactions

Award
Common Stock, par value $.01 per share
[F1][F2]
2026-02-26+7,926→ 80,733.893 total
Award
Common Stock, par value $.01 per share
[F3][F2]
2026-02-26+12,141→ 92,874.893 total

Footnotes (3)

[F1]Reflects grant of shares of restricted stock under the Company's Second Amended and Restated 2009 Equity Incentive Plan, which shares are subject to vesting requirements.
[F2]The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
[F3]Reflects shares earned in connection with previously awarded performance share units issued under the Company's Second Amended and Restated 2009 Equity Incentive Plan.

Signature

By Edward M. Schulman under Power of Attorney dated as of October 14, 2011|2026-03-02

1 file