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

Director Gary Shorb reports acquisition of phantom stock and disposal of common stock equivalents in Mid America Apartment Communities Inc.

Summary

• On March 19, 2024, Gary Shorb, a director of Mid America Apartment Communities Inc. (MAA), reported a transaction involving phantom stock.
• Shorb acquired 187 shares of phantom stock, each equivalent to one share of common stock, at a price of $0.
• Additionally, Shorb disposed of 187 common stock equivalents at a price of $130.4, resulting in a total of 26,432.9566 shares.
• Following the reported transaction, Shorb directly owns 4,796.404 shares of common stock.
• The phantom stock is payable in two equal annual installments beginning within 90 days following the calendar year in which Shorb ceases to serve as a director, in cash or common stock, at his election.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, indicating neutral sentiment. It reflects routine transactions related to executive compensation.

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 executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's holdings and compensation structure.

Key Dates