AVALONBAY COMMUNITIES INC — Director's Dealing 2021

Dec 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2021-12-01

Reporting Person: Lynch Nnenna (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-01	Common Stock, par value $.01 per share	A	98	$0.00	Acquired	1040.3405	Direct

Footnotes

F1: 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 bases when the reporting person ceases to be an employee or director of the issuer.

F2: The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, some of which may
be subject to vesting requirements.