Form 4: Mid America Apartment Communities Inc. Director Acquires Phantom Stock
SEC Form 4 Filing
Director John Case reports acquisition of phantom stock in Mid America Apartment Communities Inc.
Summary
- On March 19, 2024, John Case, a director of Mid America Apartment Communities Inc. (MAA), acquired 46 shares of phantom stock.
- The phantom stock is the economic equivalent of common stock.
- The price of the derivative security was $130.4.
- Following the transaction, Case beneficially owns 1,309.167 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 routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/16/2023 | Date of Power of Attorney execution. |
| 03/19/2024 | Date of transaction: acquisition of phantom stock. |
| 03/20/2024 | Date of signature on the report. |
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