Form 4: Mid America Apartment Communities Director Alan Graf Jr. Reports Transaction

Director Alan Graf Jr. of Mid America Apartment Communities Inc. reports the acquisition and disposal of common stock on May 20, 2025.

Summary

• On May 20, 2025, Alan Graf Jr., a director of Mid America Apartment Communities Inc. (MAA), reported a transaction involving the company's common stock.
• Graf acquired 1,122 shares of common stock.
• Graf also disposed of 13,560 shares of common stock.
• Following the reported transactions, Graf beneficially owns 13,560 shares of common stock.
• Graf also holds phantom stock, with each share being the economic equivalent of one share of common stock; these shares are payable in two equal annual installments after Graf ceases to be a director.
• Alan Graf has granted power of attorney to Robert J. DelPriore, Leslie Wolfgang, and Kellye Clouse to execute Forms 3, 4, and 5 on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment. It's a factual report of stock acquisitions and disposals.

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 related to insider transactions, which are common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies, as mandated by the Securities and Exchange Act of 1934.
• The reporting requirements are similar across all companies listed on US stock exchanges, ensuring a level playing field for investors.
• Companies like Equity Residential (EQR) and AvalonBay Communities (AVB), which are also major players in the apartment REIT sector, have similar insider transaction reporting requirements.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's stock ownership.
• The filing ensures compliance with SEC regulations, maintaining investor confidence.

Key Dates

Keywords

Form 4, Mid America Apartment Communities Inc., MAA, Alan Graf Jr., Director, Beneficial Ownership, Common Stock, Phantom Stock, Securities Exchange Act, Power of Attorney