Form 4: Mid America Apartment Communities Director Acquires Phantom Stock

Edith Kelly Green, a director at Mid America Apartment Communities Inc., reports the acquisition of phantom stock equivalent to 186 shares of common stock.

Summary

• On March 19, 2024, Edith Kelly Green, a director of Mid America Apartment Communities Inc. (MAA), acquired 186 shares of phantom stock.
• Each share of phantom stock is equivalent to one share of MAA's common stock.
• The phantom stock was acquired at a price of $130.4 per share.
• Following the transaction, Ms. Kelly Green directly owns 4,142.085 derivative securities.
• The phantom stock is payable in two equal annual installments beginning within 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It reports a transaction without expressing any positive or negative sentiment.

Future Outlook

The phantom stock is payable in two equal annual installments beginning within 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock, which does not immediately affect the company's cash flow or equity structure.

Key Dates