V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Real Estate

Avalonbay Communities Executive Compensation (FY25)

AVB · Arlington, VA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Benjamin Schall
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
Velarion Member: every covered company in Real Estate, with dashboards, peer screens and board-ready briefs. Three seats, one year.
Email me this page as a cited PDF — sent in 2 minutes
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.

The paid brief on Avalonbay Communities

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
Data as of October 22, 2026Latest filing (8-K): May 22, 2026
16 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Avalonbay Communities brief$1,500Get the executive brief
Velarion Member, one year
321 figures on this page: 310 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Avalonbay Communities

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Benjamin Schall: $9,090,073 → $9,663,500 (6.3% higher)
Say-on-pay support: 94.6% → 95.6% (1.0 points higher)
CEO pay ratio: 101:1 → 136:1 (34.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Avalonbay Communities' chief executive and what were they paid?
Benjamin Schall was paid $9,663,500 in total compensation as Chief Executive Officer and President for fiscal 2025. Schall's total moved 6.3% higher from the $9,090,073 reported for fiscal 2024.
What was Avalonbay Communities' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.6% of votes cast for or against in favor at the meeting held May 20, 2026.
Which companies are in Avalonbay Communities' peer group?
The disclosed peer group names American Homes 4Rent, American Tower Corporation, Apartment Income REIT Corp., BXP, Inc. and Camden Property Trust, among others.
What is Avalonbay Communities' chief executive pay ratio?
The company reported a chief executive pay ratio of 136:1 for fiscal 2025, against median employee compensation of $70,971.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Benjamin Schall
Chief Executive Officer and President
◇—◇◇◇—◇◇
Matthew Birenbaum
Chief Investment Officer
◇—◇—◇—◇◇
Sean Breslin
Chief Operating Officer
◇—◇—◇—◇◇
Kevin O'Shea
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Benjamin Schall
Chief Executive Officer and President
◇—◇◇◇—◇◇
Sean Breslin
Chief Operating Officer
◇—◇—◇—◇◇
Matthew Birenbaum
Chief Investment Officer
◇—◇—◇—◇◇
Kevin O'Shea
Chief Financial Officer
◇—◇—◇—◇◇
Edward Schulman
Executive Vice President
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Benjamin Schall
Chief Executive Officer & President
◇—◇◇◇—◇◇
Sean Breslin
Chief Operating Officer
◇—◇—◇—◇◇
Matthew Birenbaum
Chief Investment Officer
◇—◇—◇—◇◇
Kevin O'Shea
Chief Financial Officer
◇—◇—◇—◇◇
Pamela Thomas
Executive Vice President - Portfolio and Asset Management
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Benjamin Schall
Chief Executive Officer and President
◇—◇◇◇—◇◇
Matthew Birenbaum
Chief Investment Officer
◇—◇—◇—◇◇
Sean Breslin
Chief Operating Officer
◇—◇—◇—◇◇
Kevin O'Shea
Chief Financial Officer
◇—◇—◇—◇◇
Pamela Thomas
Executive Vice President - Portfolio and Asset Management
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Benjamin SchallPSU◇—◇◇◇—◇
Benjamin SchallPSU◇◇◇—◇—◇
Benjamin SchallRSU◇——◇——◇
Benjamin SchallOTHER◇——◇——◇
Kevin O'Shea—◇—◇◇◇—◇
Matthew BirenbaumRSU◇——◇——◇
Matthew BirenbaumPSU◇◇◇—◇—◇
O’SheaPSU◇◇◇—◇—◇
O’SheaRSU◇——◇——◇
Pamela ThomasPSU◇◇◇—◇—◇
Pamela ThomasRSU◇——◇——◇
Pamela ThomasRSU◇——◇——◇
Sean BreslinPSU◇◇◇—◇—◇
Sean BreslinRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Pamela ThomasRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Matthew BirenbaumRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Benjamin SchallRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇2/13/2034
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/23/2033
RSU◇◇——
Option◇—◇2/26/2035
Sean BreslinRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Benjamin Schall
Chief Executive Officer and President · Change-in-control agreement
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-solicit period◇
Kevin O'Shea
Chief Financial Officer · Change-in-control agreement · citing a 2021 filing
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-solicit period◇
Matthew Birenbaum
Chief Investment Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-solicit period◇
Pamela Thomas
Executive Vice President - Portfolio and Asset Management · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-solicit period◇
Sean Breslin
Chief Operating Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy J. Naughton
Board chair
◇◇————◇
Terry S. Brown
Lead independent director
—◇————◇
Charles E. Mueller, Jr
—◇————◇
Susan Swanezy
◇◇————◇
Nnenna Lynch
◇◇————◇
Richard J. Lieb
◇◇————◇
Stephen P. Hills
◇◇————◇
Ronald L. Havner, Jr
—◇————◇
Christopher B. Howard
—◇————◇
Glyn F. Aeppel
◇◇————◇
Conor C. Flynn
—◇————◇
Benjamin W. Schall and W. Edward Walter served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Restricted Stock or Deferred Stock Units (at director's election).
Stock ownership guideline: 5x annual cash retainer ($500,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • American Homes 4Rent AMH
  • American Tower Corporation AMT
  • Apartment Income REIT Corp. AIRC
  • BXP, Inc. BXP
  • Camden Property Trust CPT
  • Digital Realty Trust Inc. DLR
  • Equity Residential EQR
  • Essex Property Trust, Inc. ESS
  • Extended Stay America symbol not shown
  • Extra Space Storage EXR
  • Invitation Homes Inc. INVH
  • Mid-America Apartment Communities, Inc. MAA
  • Prologis, Inc. PLD
  • Public Storage PSA
  • Sun Communities, Inc. SUI
  • UDR, Inc. UDR
  • Ventas, Inc. VTR
  • Welltower Inc. WELL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 21, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019May 12, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 23, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 19, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Velarion Pro: every company page, peer tools and exports, one seat

One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Your address is used for this and nothing else, and you can unsubscribe in one click. See the privacy policy.

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Benjamin Schall (Chief Executive Officer and President), FY2025 total compensation $9,663,500 (base salary $1,000,000) [exec_comp, SEC accession 0001104659-26-039943, filed 2026-04-06]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

Tell me when Avalonbay Communities files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Avalonbay Communities disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Avalonbay Communities sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for Peer Group Review
Whether Avalonbay Communities' disclosed peer group is defensible, who names Avalonbay Communities back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
321 figures on this page: 310 cited to the filing that reported them, 11 calculated from figures it prints.
310 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-065770
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-039943
    CEO Pay Ratio · Director Compensation · Director Compensation Table · Grants of Plan-Based Awards · and 2 more sections
  3. 0001104659-25-051999
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001558370-25-004321
    Summary Compensation Table
  5. 0001104659-24-063013
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001308179-24-000352
    Summary Compensation Table
  7. 0001104659-23-064823
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001308179-23-000619
    Summary Compensation Table
  9. 0001104659-22-063378
    Say-on-Pay Proposal
  10. 0001104659-21-071038
    Say-on-Pay Proposal
  11. 0000915912-21-000015
    EX-10.11 · Employment Agreement
  12. 0001104659-20-062596
    Say-on-Pay Proposal
  13. 0001104659-19-030539
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001104659-18-035721
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001104659-17-034018
  16. 0001104659-16-122297
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Avalonbay Communities executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AVB (accessed 2026).
Short form: data: Velarion

The paid brief for Avalonbay Communities

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Avalonbay Communities and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Avalonbay Communities discloses

The companies named in AVB's own disclosed peer group.

American Homes 4RentAmerican Tower CorporationApartment Income REIT Corp.BXP, Inc.Camden Property TrustDigital Realty Trust Inc.Equity ResidentialEssex Property Trust, Inc.Extra Space StorageInvitation Homes Inc.Mid-America Apartment Communities, Inc.Prologis, Inc.Public StorageSun Communities, Inc.UDR, Inc.Ventas, Inc.Welltower Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy