Form 4: Mid America Apartment Communities Inc. Executive Adrian Hill Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP and Chief Investment Officer of Mid America Apartment Communities, Adrian Hill, reports the disposal of 324 shares to cover tax obligations related to a prior year restricted stock plan.
Summary
- On April 3, 2024, Adrian Hill, EVP and Chief Investment Officer of Mid America Apartment Communities Inc. (MAA), disposed of 324 shares of common stock to cover taxes.
- The disposal was related to the vesting of shares earned and issued under a prior year restricted stock plan.
- The shares were disposed of at a price of $128.45 per share.
- Following the transaction, Hill directly owns 38,476.4207 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 SEC filing related to stock transactions for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into insider transactions but doesn't necessarily indicate a change in the company's overall prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being disposed of by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 2021-12-13 | Date of Power of Attorney execution, granting authority to Robert J. DelPriore, Leslie Wolfgang, and Kellye Clouse to execute Forms 3, 4, and 5 on behalf of Adrian Hill. |
| 2024-04-03 | Date of the transaction where Adrian Hill disposed of 324 shares of common stock to cover taxes. |
| 2024-04-05 | Date of signature on the Form 4 filing. |
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