Form 4: Mid America Apartment Communities Director, Sheila McGrath, Reports Phantom Stock Acquisition

Sheila McGrath, a director at Mid America Apartment Communities Inc., reported the acquisition of phantom stock equivalent to 789 shares of common stock on September 25, 2024.

Summary

• On September 25, 2024, Sheila K. McGrath, a director of Mid America Apartment Communities Inc. (MAA), filed a Form 4.
• The form reports the acquisition of 789 shares of phantom stock, each equivalent to one share of MAA common stock, at a price of $161.56 per share.
• McGrath directly owns the reported phantom stock.
• The phantom stock is payable in two equal annual installments beginning within 90 days following the calendar year in which McGrath ceases to be a director, in cash or common stock, at her election.
• A power of attorney was executed on September 25, 2024, granting Robert J. DelPriore, Leslie Wolfgang, and Kellye Clouse the authority to execute Forms 3, 4, and 5 on McGrath's behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction by a company director. It doesn't inherently convey 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 related to executive compensation and holdings, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the compensation and holdings of a company director.

Key Dates