AVALONBAY COMMUNITIES INC 4

CEO & President Benjamin Schall reported the vesting of 78,257 AVB performance-based restricted shares and the conversion of 178,819.7606 AVB shares plus multiple AVB option grants into equivalent Equity Residential (Vivmark Residential) equity in connection with the August 17, 2026 merger.

On August 17, 2026, Benjamin Schall, CEO & President of AvalonBay Communities, Inc. (AVB), reported the deemed acquisition of 78,257 shares of AVB common stock pursuant to performance-based restricted stock units that vested in connection with the closing of AVB’s merger of equals with Equity Residential (EQR), bringing his total AVB-related beneficial ownership to 178,819.7606 shares before the merger conversion. Simultaneously, all 178,819.7606 shares of AVB common stock held (including restricted and PSU-derived shares) were converted into the right to receive EQR common shares at the agreed 2.793 exchange ratio as part of the merger, effectively eliminating his direct AVB common stock position as AVB merged into a subsidiary of EQR (renamed Vivmark Residential). In addition, several existing AVB employee stock option grants (covering 21,772 shares at a $179.67 strike, 9,473 shares at $221.58, 12,651 shares at $172.11, 10,073 shares at $177.83, and 8,304 shares at $236.14) were reported as dispositions of AVB options and concurrently converted into economically equivalent options on EQR common shares, preserving vesting schedules but altering share counts and strike prices according to the merger exchange mechanics. Using the $184.06 AVB closing price cited in the filing, the newly vested 78,257 PSU-derived shares represent roughly $14.4 million in value, while Schall’s total pre-conversion AVB equity stake of 178,819.7606 shares equates to approximately $32.9 million, all of which rolled into EQR equity upon completion of the transaction.

Filing Facts

CIK

915912

Ticker

AVB

Form

4

Source Type

sec

Accession

0001193125-26-354205

Alert Tier

7