{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-064781","form_type":"8-K","ticker":"AVB","cik":"0000915912","company_name":"AVALONBAY COMMUNITIES INC","filed_at":"2026-05-21T10:12:12+00:00","discovered_at":"2026-05-21T10:15:00.303632+00:00","generated_at":"2026-05-21T10:16:01.621821+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"AvalonBay and Equity Residential agree to all-stock merger; AVB holders get 2.793 EQR shares","bullets":["Each AvalonBay share converts to 2.793 Equity Residential common shares; combined co will have new name.","Board of 14: 7 from each company; Stephen Sterrett Chairman, Benjamin Schall CEO of combined entity.","Termination fees: AVB pays ~$1.070B, EQR pays ~$1.005B under certain conditions.","Dividends capped during pendency: AVB $1.78/quarter, EQR $0.7025/quarter; must maintain REIT status.","Closing expected by May 20, 2027, subject to stockholder approvals, tax opinions, and other conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-064781","json":"https://secwatch.observer/filing/0001104659-26-064781.json","markdown":"https://secwatch.observer/filing/0001104659-26-064781.md","text":"https://secwatch.observer/filing/0001104659-26-064781.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/915912/000110465926064781/0001104659-26-064781-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/915912/000110465926064781/tm2615292d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T10:16:01.621821+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}