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

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

Summary

• On September 24, 2024, Deborah H. Caplan, a director of Mid America Apartment Communities Inc. (MAA), reported a transaction involving phantom stock.
• Caplan acquired 84 shares of phantom stock at a price of $162.89, bringing the total number of phantom stock shares beneficially owned to 668.025.
• She also directly owns 2,848 shares of common stock.
• 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.
• Caplan has granted power of attorney to Kellye Clouse, Robert J. DelPriore, and Leslie Wolfgang to execute Forms 3, 4, and 5 on her behalf.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral 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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates