Form 4: Mid America Apartment Communities Inc. Executive Adrian Hill Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP and Chief Investment Officer Adrian Hill reports acquisition and disposal of common stock due to vesting and tax obligations.
Summary
- Adrian Hill, EVP and Chief Investment Officer of Mid America Apartment Communities Inc. (MAA), filed a Form 4 on April 3, 2024, reporting changes in beneficial ownership of the company's common stock.
- On April 1, 2024, Hill acquired 2,346 shares and 3,566 shares of common stock at $0.
- On the same day, Hill disposed of 1,085 shares at $128.7 to cover taxes related to vesting of shares earned under a prior year restricted stock plan.
- Following these transactions, Hill directly owns 38,800.4207 shares of common stock and indirectly owns 1,030 shares through the Hill Family Irr TR FBO Terry Hill, Adrian Hill TTEE.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the real estate investment trust (REIT) sector.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely insignificant.
Key Dates
| Date | Description |
|---|---|
| 2021-12-13 | Date of Power of Attorney execution. |
| 2024-04-01 | Date of transactions: acquisition and disposal of common stock. |
| 2024-04-03 | Date of Form 4 filing. |
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