AVALONBAY COMMUNITIES INC — Director's Dealing 2023

Feb 28, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2023-02-23

Reporting Person: Schall Benjamin (Director, CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-23	Common Stock, par value $.01 per share	A	6379	$0.00	Acquired	32031.7588	Direct
2023-02-23	Common Stock, par value $.01 per share	A	11703	$0.00	Acquired	43734.7588	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-23	Employee Stock Options (Right to Buy)	$177.83	A	10073	Acquired	2033-02-23	Common Stock (10073)	Direct

Footnotes

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.

F4: Reflects grant of options under the Company's Second Amended and Restated 2009 Equity Incentive Plan.

F5: These options vest in three equal annual installments, with the first installment vesting on 3/1/2024.