Form 4: Mid America Apartment Communities Inc. Executive Adrian Hill Reports Stock Disposal for Tax Obligations

EVP and Chief Investment Officer of Mid America Apartment Communities Inc., Adrian Hill, reports the disposal of 324 shares of common stock to cover tax obligations related to a prior year restricted stock plan.

Summary

• On April 3, 2025, Adrian Hill, EVP and Chief Investment Officer of Mid America Apartment Communities Inc. (MAA), reported a transaction involving the disposal of 324 shares of common stock.
• The disposal was executed to cover tax obligations related to the vesting of shares earned and issued under a prior year restricted stock plan.
• The price per share was $163.64.
• Following the transaction, Hill directly owns 46,928.8003 shares of common stock and indirectly owns 1,030 shares through the Hill Family Irrevocable Trust.
• A Power of Attorney was previously granted on December 13, 2021, authorizing Robert J. DelPriore, Leslie Wolfgang, and Kellye Clouse to execute Forms 3, 4, and 5 on Hill's behalf.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors regarding executive stock transactions.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency of insider transactions.
• Similar filings are made by executives at comparable REITs like Equity Residential (EQR) and AvalonBay Communities (AVB) when they engage in stock transactions.
• The reporting requirements and timelines are consistent across the industry, as mandated by the SEC.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it is a small disposal of shares by an executive for tax purposes.
• The disposal does not indicate any change in the executive's confidence in the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Adrian Hill, MAA, Mid America Apartment Communities Inc., Stock Disposal, Tax Obligations, Restricted Stock, EVP, Chief Investment Officer