secwatch.observer — SEC 8-K summary
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Issuer:     AVALONBAY COMMUNITIES INC (AVB)
CIK:        0000915912
Form:       8-K
Filed at:   2021-12-16T23:59:59+00:00
Accession:  0001104659-21-150559
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EVP William M. McLaughlin to retire Jan 1, 2022; enters consulting agreement through Mar 2023
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- Retirement effective January 1, 2022; consulting services through March 31, 2023 at $5,000/month.
- 2021 annual bonus (cash and stock) paid by March 15, 2022; 2019-2021 performance units convert to fully vested shares.
- Unvested restricted stock continues to vest; pro-rata vesting of 2021-2023 performance award at end of consulting term.
- Company pays COBRA premiums through July 31, 2022; standard release and non-compete/non-solicit terms apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915912/000110465921150559/0001104659-21-150559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915912/000110465921150559/tm2135400d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-150559

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer