AVALONBAY COMMUNITIES INC — Director's Dealing 2021

Mar 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2021-03-01

Reporting Person: SCHULMAN EDWARD M (EVP-General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock, par value $.01 per share	A	2091	$0.00	Acquired	23618.0311	Direct
2021-03-01	Common Stock, par value $.01 per share	F	2517	$0.00	Disposed	21101.0311	Direct

Footnotes

F1: Reflects shares earned in connection with previously awarded performance share units issued under the Company's Second Amended and
Restated 2009 Equity Incentive Plan.

F2: The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.

F3: Reflects withholding of shares by the Company to cover tax withholding obligations on the vesting of restricted stock and performance share unit
awards under the Company's Second Amended and Restated 2009 Equity Incentive Plan.