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

Director Gary Shorb reports the acquisition of phantom stock in Mid America Apartment Communities Inc. on May 20, 2025.

Summary

• Gary Shorb, a director of Mid America Apartment Communities Inc. (MAA), filed a Form 4 on May 21, 2025, reporting a transaction.
• The transaction involved the acquisition of phantom stock, which is economically equivalent to common stock.
• On May 20, 2025, Shorb acquired 78 shares of phantom stock at a price of $160.35, bringing his total holdings to 29,761.2046 shares.
• Additionally, Shorb acquired 1,122 shares of phantom stock at $160.35, increasing his total to 30,883.2046 shares.
• The phantom stock is payable in two equal annual installments after Shorb ceases to be a director, in either cash or common stock, at his election.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

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.

Key Dates

Keywords

Form 4, phantom stock, director, MAA, Mid America Apartment Communities Inc., insider trading, beneficial ownership, Shorb