Form 4: Mid America Apartment Communities Inc. Director Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William Reid Sanders, a director of Mid America Apartment Communities Inc., filed a Form 4 disclosing changes in his beneficial ownership of the company's stock and phantom stock.
Summary
- On March 20, 2024, William Reid Sanders, a director of Mid America Apartment Communities Inc. (MAA), reported changes in his beneficial ownership of the company's securities.
- The report details holdings of common stock both directly and indirectly through various entities including Chickasaw Partners 401(K), spouse, IRA, Trustee, CAS and WRS GST Trust, Green Meadows, LLC, and MRS Trust.
- The filing also includes information on phantom stock, with 173 shares acquired on March 19, 2024, at a price of $130.40, bringing the total to 12,398.2991 shares.
- Each share of phantom stock is equivalent to one share of common stock and is payable in two equal annual installments after the director ceases to serve, in cash or common stock at the director's election.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The document does not contain specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their holdings in the company. It does not provide specific insight into the broader industry trends.
Key Dates
| Date | Description |
|---|---|
| 2020-12-08 | Date of Power of Attorney execution. |
| 2024-03-19 | Date of transaction involving phantom stock. |
| 2024-03-20 | Date of Form 4 filing. |
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