Form 4: Mid America Apartment Communities Inc. Director Deborah Caplan Reports Acquisition of Phantom Stock

Director Deborah Caplan reported the acquisition of phantom stock in Mid America Apartment Communities Inc.

Summary

• On March 19, 2024, Deborah H Caplan, a director of Mid America Apartment Communities Inc. (MAA), reported a transaction involving phantom stock.
• Caplan acquired 102 shares of phantom stock at a price of $130.4.
• Following the transaction, Caplan beneficially owns 474.624 derivative securities.
• Caplan also directly owns 1,603 shares of common stock.
• The phantom stock is the economic equivalent of common stock and 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 standard regulatory filing detailing 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 the 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 regarding the holdings and transactions of company insiders.

Key Dates