United States

People: AvalonBay Communities Inc (AVB)

AVB on New York Consolidated

20 Sep 2017
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Sarles, H. Jay 

Mr. H. Jay Sarles is the Lead Independent Director of the Company. Mr. Sarles has been a director of the Company since September 2005, and has served as the Lead Independent Director of the Company since May 2015 (see “Board of Directors and its Committees—Leadership Structure and Lead Independent Director”). He retired from full time business leadership positions in 2005, having most recently served as vice chairman of Bank of America Corporation. Prior to that he served as Vice Chairman and Chief Administrative Officer of Fleet Boston Financial (“Fleet”) with responsibility for administrative functions, risk management, technology and operations, treasury services, corporate strategy and mergers and acquisitions. During his 37 years at Fleet, Mr. Sarles oversaw virtually all of Fleet’s businesses at one time or another, including the company’s wholesale banking business from 2001 to 2003. These included commercial finance, real estate finance, capital markets, global services, industry banking, middle market and large corporate lending, small business services and investment banking businesses. Mr. Sarles is a director of Ameriprise Financial, Inc., a publicly traded financial planning services company.

Basic Compensation

Total Annual Compensation, USD 95,000
Restricted Stock Awards, USD 129,917
Long-Term Incentive Plans, USD --
All Other, USD --
Fiscal Year Total, USD 224,917

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --
Name Fiscal Year Total

Timothy Naughton


Kevin O'Shea


Sean Breslin


Leo Horey


Edward Schulman


William McLaughlin

As Of  30 Dec 2016