Form 4: Director David Stockert Increases MAA Phantom Stock

Director David P. Stockert acquired 1,401 shares of phantom stock in Mid-America Apartment Communities, Inc. on May 19, 2026.

Summary

• Director David P. Stockert acquired 1,401 shares of phantom stock at a price of $128.47 per share.
• The transaction occurred on May 19, 2026.
• Each share of phantom stock is the economic equivalent of one share of common stock.
• Following this transaction, the director holds 18,517.2462 shares of phantom stock directly, in addition to 52,686 shares of common stock held directly and 44,706 shares held by his spouse.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation and ownership, carrying no significant market-moving sentiment.

Positives

• Director demonstrates continued alignment with shareholder interests through the acquisition of equity-linked compensation.

Negatives

• None identified.

Risks

• Phantom stock value is tied to the performance of the company's common stock, exposing the holder to market volatility.

Future Outlook

The phantom stock units are payable in two equal annual installments beginning within 90 days following the calendar year in which the director ceases to serve on the board, settled in cash or common stock at the director's election.

Industry Context

StockSavvy.ai notes that director equity acquisitions in the REIT sector are standard practice for aligning board incentives with long-term shareholder value, particularly in the multifamily residential space.

Comparison to Industry Standards

• The use of phantom stock as a component of director compensation is consistent with standard corporate governance practices among large-cap REITs.
• The reporting of these transactions via Form 4 complies with standard SEC disclosure requirements for public companies.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation transaction.

Next Steps

• The director will continue to hold the phantom stock units until the cessation of his board service.

Key Dates

Keywords

MAA, Mid-America Apartment Communities, Director, Insider Trading, Phantom Stock, SEC Form 4