{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-117110","form_type":"8-K","ticker":"AVB","cik":"0000915912","company_name":"AVALONBAY COMMUNITIES INC","filed_at":"2022-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.028507+00:00","generated_at":"2026-06-22T00:28:25.449963+00:00","sec_items":["5.02","5.03","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"AvalonBay Executive Chairman Naughton to become non-executive Chairman effective Jan 1, 2023","bullets":["Timothy J. Naughton transitions from Executive Chairman to non-executive Chairman, effective Jan 1, 2023.","Naughton will no longer be an employee or executive officer; Schall remains CEO reporting to Board.","As non-executive Chairman, Naughton receives $250k annual cash retainer ($62.5k/quarter) plus standard non-employee director retainers.","Outstanding equity awards continue vesting during board service; 2022 bonus and award to be settled per terms.","Board also amended Bylaws to clarify Chairman may be officer or non-officer, a procedural change."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-117110","json":"https://secwatch.observer/filing/0001104659-22-117110.json","markdown":"https://secwatch.observer/filing/0001104659-22-117110.md","text":"https://secwatch.observer/filing/0001104659-22-117110.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/915912/000110465922117110/0001104659-22-117110-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/915912/000110465922117110/tm2229895d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T00:28:25.449963+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ecf4625774a24957ecc8343a4f664c0bcac46d97","claim":"AVALONBAY COMMUNITIES INC: Amended bylaws to clarify that the Chairman of the Board may be an officer or a non-officer of the Company (effective 2022-11-10).","evidence_excerpt":"On November 10, 2022, the Board voted to amend the Company’s Bylaws, as amended, to more clearly contemplate that a Chairman of the Board may be an officer or a non-officer of the Company.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/915912/000110465922117110/0001104659-22-117110-index.htm","confidence":0.95,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2022-11-10"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}