Form 4: Mid America Apartment Communities Inc. Director Thomas H. Lowder Reports Changes in Beneficial Ownership

Director Thomas H. Lowder files Form 4, reporting changes in beneficial ownership of Mid America Apartment Communities Inc. stock.

Summary

• On March 20, 2024, Thomas H. Lowder, a director of Mid America Apartment Communities Inc. (MAA), filed a Form 4 with the SEC.
• The report details changes in his beneficial ownership of MAA's common stock and phantom stock.
• Lowder directly owns 11,688 shares of common stock.
• He indirectly owns 25,791 shares through an IRA and 357 shares through THL Investments, LLC.
• He also owns 6,372.2919 shares of phantom stock, with 185 shares acquired on March 19, 2024, at a price of $130.4 per share.
• The phantom stock is payable in two equal annual installments beginning within 90 days following the calendar year in which Lowder ceases to serve as a director, in cash or common stock, at his election.

Sentiment

Score: 5

Explanation: This 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 routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders, such as directors and officers, in their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates