AVALONBAY COMMUNITIES INC 4

Stephen P. Hills had 10,274.5732 AvalonBay Communities (AVB) common shares and deferred stock units automatically converted into Equity Residential (Vivmark Residential) shares in a merger-related transaction valued at roughly $1.9 million.

On August 17, 2026, in connection with the closing of the merger of equals between AvalonBay Communities, Inc. (AVB) and Equity Residential (which changed its name to Vivmark Residential), all 10,274.5732 shares and deferred stock units of AVB common stock held by insider Stephen P. Hills were automatically disposed of and converted into the right to receive Equity Residential (Vivmark Residential) common shares at a fixed exchange ratio of 2.793 EQR shares per AVB share, plus cash in lieu of any fractional shares. Based on AVB’s disclosed closing price of $184.06 per share on August 14, 2026, the transaction reflects an economic value of approximately $1.89 million for Hills’s AVB holdings that were converted into EQR shares. This was a mandatory, transaction-driven conversion in a merger rather than a discretionary open‑market purchase or sale, and his resulting ownership is now represented in EQR (Vivmark Residential) shares, not AVB shares.

Filing Facts

CIK

915912

Ticker

AVB

Form

4

Source Type

sec

Accession

0001193125-26-354192

Alert Tier

6