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

Director Thomas H. Lowder files a Form 4 detailing changes in beneficial ownership of Mid America Apartment Communities Inc. stock, including phantom stock acquisition.

Summary

• Thomas H. Lowder, a director of Mid America Apartment Communities Inc. (MAA), filed a Form 4 with the SEC.
• The filing reports changes in Mr. Lowder's beneficial ownership of MAA's common stock and phantom stock.
• Mr. Lowder directly owns 12,933 shares of common stock.
• He indirectly owns 25,791 shares through an IRA and 357 shares through THL Investments, LLC.
• He acquired 153 shares of phantom stock on May 20, 2025, at a price of $160.35 per share.
• Following the reported transaction, Mr. Lowder beneficially owns 7,505.2009 derivative securities (phantom stock).
• The phantom stock is payable in two equal annual installments beginning within 90 days following the calendar year in which Mr. Lowder ceases to be a director, in cash or common stock, at his election.
• The filing also includes a Power of Attorney, effective December 8, 2020, authorizing Robert J. DelPriore, Leslie Wolfgang, and Kellye Clouse to execute Forms 3, 4, and 5 on Mr. Lowder's behalf.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and ownership details.

Future Outlook

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.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The level of detail provided in this filing is consistent with SEC requirements.
• Comparable companies like Equity Residential (EQR) and AvalonBay Communities (AVB) also have similar insider transaction filings.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
• The filing provides transparency regarding the director's holdings and potential alignment with shareholder interests.

Key Dates

Keywords

Form 4, beneficial ownership, phantom stock, director, Thomas H. Lowder, MAA, Mid America Apartment Communities Inc., securities, SEC