---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-004307"
form_type: "8-K"
ticker: "AVB"
cik: "0000915912"
company_name: "AVALONBAY COMMUNITIES INC"
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T15:08:25.886410+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AvalonBay enters into up to $1B equity distribution agreements with multiple sales agents

## Summary
- Company enters into 15 amended sales agency financing agreements and 14 master forward sale confirmations.
- Up to $1B of common stock may be offered, less $294M already sold under prior program; ~$706M remains unsold.
- Three new sales agents added: BNP Paribas, Mizuho Securities, Scotia Capital.
- Shares sold at market prices; commission up to 1.50% of sales price per agent.
- Forward sale agreements allow borrowing and selling shares; settlement may be physical, cash, or net shares.

## SEC filing metadata
- accession: 0001104659-23-004307
- form_type: 8-K
- ticker: AVB
- cik: 0000915912
- company_name: AVALONBAY COMMUNITIES INC
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915912/000110465923004307/0001104659-23-004307-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915912/000110465923004307/tm233367d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-004307
- JSON: https://secwatch.observer/filing/0001104659-23-004307.json
- Plain text: https://secwatch.observer/filing/0001104659-23-004307.txt

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