Form 4: Mid America Apartment Communities Director Thomas Lowder Reports Transactions
SEC Form 4 Filing
Director Thomas H. Lowder reports transactions in Mid America Apartment Communities Inc. stock, including acquisitions and disposals.
Summary
- Thomas H. Lowder, a director of Mid America Apartment Communities Inc. (MAA), filed a Form 4 detailing changes in beneficial ownership.
- On May 21, 2024, Lowder acquired 1,245 shares of common stock at $0 and disposed of shares.
- Following the reported transactions, Lowder directly owns 12,933 shares of common stock.
- Lowder also indirectly owns 25,791 shares through an IRA and 357 shares through THL Investments, LLC.
- Additionally, Lowder holds 6,620.0769 shares of phantom stock, each representing the economic equivalent of one share of common stock, priced at $136.50.
- A Power of Attorney document is included, granting Robert J. DelPriore, Leslie Wolfgang, and Kellye Clouse the authority to execute Forms 3, 4, and 5 on Lowder's behalf.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings for insights into management's perspective on the company's stock.
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.
- Companies like Equity Residential (EQR) and AvalonBay Communities (AVB) also have their directors and officers regularly file Form 4s to report transactions in their company's stock.
- The reporting requirements and timelines are consistent across the industry.
Stakeholder Impact
- Shareholders may be interested in the director's transactions as an indicator of confidence in the company.
- The transactions themselves are unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 2020-12-08 | Date of Power of Attorney execution. |
| 2024-05-21 | Date of the reported transactions (acquisition and disposal of common stock). |
| 2024-05-22 | Date of signature for the Form 4 filing. |
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