Director in AvalonBay (NYSE: AVB) receives 182 deferred stock units

Rhea-AI Filing Summary

AvalonBay Communities director Charles E. Mueller Jr. received an award of 182 Deferred Stock Units under the company’s equity incentive plan at a price of $0.00 per share. These units were elected in lieu of a quarterly cash director fee and will convert into common stock on a one-for-one basis after he ceases to be a director. Following this grant, his direct holdings, including such units that may be subject to vesting, total 7,237.6834 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MUELLER CHARLES E JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01 per share	182	$0.00	--

Holdings After Transaction: Common Stock, par value $.01 per share — 7,237.683 shares (Direct)

Footnotes (1)

1. Reflects grant of Deferred Stock Units ("Units") under the issuer's Second Amended and Restated 2009 Equity Incentive Plan pursuant to an election previously made by the reporting person to receive Units in lieu of the quarterly cash director's fee otherwise due. The Units will convert into common stock on a one for one basis after the reporting person ceases to be a director of the issuer. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including Units, which may be subject to vesting requirements.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MUELLER CHARLES E JR

(Last) (First) (Middle)

C/O AVALONBAY COMMUNITIES, INC.

4040 WILSON BOULEVARD STE 1000

(Street)

ARLINGTON VA 22203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AVALONBAY COMMUNITIES INC [ AVB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01 per share	03/02/2026		A		182(1)	A	$0	7,237.6834(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects grant of Deferred Stock Units ("Units") under the issuer's Second Amended and Restated 2009 Equity Incentive Plan pursuant to an election previously made by the reporting person to receive Units in lieu of the quarterly cash director's fee otherwise due. The Units will convert into common stock on a one for one basis after the reporting person ceases to be a director of the issuer.

2. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including Units, which may be subject to vesting requirements.

	By Edward M. Schulman under Power of Attorney dated as of October 28, 2022	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did AvalonBay (AVB) report for Charles E. Mueller Jr.?

AvalonBay reported that director Charles E. Mueller Jr. received 182 Deferred Stock Units as an equity award. The units were granted at $0.00 per share under the company’s equity incentive plan instead of a quarterly cash director fee.

How many AvalonBay (AVB) shares does Charles E. Mueller Jr. hold after this Form 4?

After the reported transaction, Charles E. Mueller Jr. directly owns 7,237.6834 AvalonBay common shares. This figure includes Deferred Stock Units that convert into common stock and may be subject to vesting requirements under the company’s equity incentive plan.

What are the terms of the 182 Deferred Stock Units granted by AvalonBay (AVB)?

The 182 Deferred Stock Units were granted under AvalonBay’s Second Amended and Restated 2009 Equity Incentive Plan. They were received instead of a quarterly cash director fee and will convert into common stock on a one-for-one basis after the director leaves the board.

Does the AvalonBay (AVB) director pay cash for the 182 Deferred Stock Units?

No cash was paid for the 182 Deferred Stock Units, which were granted at $0.00 per share. The award reflects the director’s prior election to receive equity units instead of a quarterly cash director fee owed by AvalonBay Communities.

When will the AvalonBay (AVB) Deferred Stock Units held by the director convert to common stock?

The Deferred Stock Units will convert into AvalonBay common stock on a one-for-one basis after Charles E. Mueller Jr. ceases to be a director. Until then, they remain as units, some of which may be subject to vesting requirements under the plan.