---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-142497"
form_type: "8-K"
ticker: "AVB"
cik: "0000915912"
company_name: "AVALONBAY COMMUNITIES INC"
filed_at: "2021-11-22T23:59:59+00:00"
generated_at: "2026-06-28T06:22:27.602018+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Benjamin W. Schall appointed AvalonBay CEO effective Jan 3, 2022; Naughton becomes Executive Chairman

## Summary
- Schall, currently President, adds CEO role; Naughton retires as CEO but stays as Executive Chairman half-time.
- Naughton's 2022 compensation: $800K base salary, $1.2M target cash bonus, $3.0M performance award (2022-2024).
- Succession follows plan disclosed in December 2020 8-K; no surprise change.
- Naughton will assist with strategic initiatives, tech opportunities, and expansion market business development.

## SEC filing metadata
- accession: 0001104659-21-142497
- form_type: 8-K
- ticker: AVB
- cik: 0000915912
- company_name: AVALONBAY COMMUNITIES INC
- filed_at: 2021-11-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915912/000110465921142497/0001104659-21-142497-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915912/000110465921142497/tm2133217d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-142497
- JSON: https://secwatch.observer/filing/0001104659-21-142497.json
- Plain text: https://secwatch.observer/filing/0001104659-21-142497.txt

## Key facts
- Executive change
  Timothy J. Naughton was appointed as Executive Chairman at AVALONBAY COMMUNITIES INC.
  - Action: appointed
  - Role: Executive Chairman
  source text: Also effective January 3, 2022, Timothy J. Naughton, the Company’s current Chairman of the Board and Chief Executive Officer, will retire as the Company’s Chief Executive Officer and assume the role of Executive Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915912/000110465921142497/0001104659-21-142497-index.htm
- Executive change
  Benjamin W. Schall was appointed as Chief Executive Officer at AVALONBAY COMMUNITIES INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: had appointed Benjamin W. Schall, the Company’s current President and a director, to the additional role of Chief Executive Officer effective January 3, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/915912/000110465921142497/0001104659-21-142497-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.