Form 4: Mid America Apartment Communities Director Reports Acquisition of Phantom Stock

David P. Stockert, a director at Mid America Apartment Communities Inc., reported the acquisition of phantom stock units equivalent to 1,122 shares of common stock.

Summary

• On May 20, 2025, David P. Stockert, a director of Mid America Apartment Communities Inc., filed a Form 4.
• The form reports the acquisition of 1,122 units of phantom stock, each equivalent to one share of common stock, at a price of $160.35 per share.
• Following the transaction, Mr. Stockert directly owns 52,686 shares of common stock and indirectly owns 44,706 shares through his spouse.
• The phantom stock is payable in two equal annual installments beginning within 90 days following the calendar year in which Mr. Stockert ceases to be a director, in cash or common stock at his election.
• Mr. Stockert has granted a Power of Attorney to Robert J. DelPriore, Leslie Wolfgang, and Kellye Clouse to execute Forms 3, 4, and 5 on his behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director's acquisition of phantom stock, which can be seen as a positive sign of confidence, but it's not a major event.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

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

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's securities. This filing indicates a director's continued investment in the company.

Comparison to Industry Standards

• Comparing the director's holdings and transactions to those of other REIT directors can provide insights into the relative alignment of interests between management and shareholders.
• Analyzing the types of equity compensation awarded to directors (e.g., phantom stock vs. restricted stock) can be compared to industry norms to assess the company's compensation practices.
• Comparing the director's ownership stake to those of directors at comparable REITs like Equity Residential (EQR) or AvalonBay Communities (AVB) can provide context.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates a director's continued investment in the company.

Key Dates

Keywords

Form 4, phantom stock, director, MAA, Mid America Apartment Communities, beneficial ownership, acquisition