AvalonBay Communities (AVB) Proxy Filing summary

Voting matters and shareholder proposals

• Eleven nominees are up for election to the board of directors, each to serve until the 2026 annual meeting and until successors are elected and qualified.

• Shareholders are asked to approve, on a non-binding advisory basis, the compensation of named executive officers as disclosed in the proxy statement.

• Ratification of Ernst & Young LLP as independent auditors for the fiscal year ending December 31, 2025, is on the ballot.

• Proxies are authorized to vote on any other matters that may properly come before the meeting or any adjournment.

Board of directors and corporate governance

• Eleven director nominees are listed for election, with the board recommending a vote in favor of each.

Executive compensation and say-on-pay

• Shareholders are invited to cast a non-binding advisory vote on executive compensation, including the Compensation Discussion and Analysis and related tables.