On July 26, 2021, William M. McLaughlin informed AvalonBay Communities, Inc. (Company) of his intent to retire from his position as Executive Vice President – Development & Construction on or about January 1, 2022 (the “Departure Date”). In his role as Executive Vice President, Mr. McLaughlin has leadership responsibility for the Company’s development activity on the East Coast and construction activity nationally. In connection with his retirement, Mr. McLaughlin’s leadership responsibilities will transition to other executive officers. At this time, the Company does not intend to promote or recruit for a replacement for Mr. McLaughlin’s role.