Form 4: Mid America Apartment Communities Inc. Executive Aubrey Clay Holder Reports Transactions
SEC Form 4
EVP and CFO Aubrey Clay Holder reports stock transactions, including disposals to cover taxes and open market sales under a 10b5-1 plan.
Summary
- Aubrey Clay Holder, EVP and CFO of Mid America Apartment Communities Inc. (MAA), filed a Form 4 detailing changes in beneficial ownership.
- On April 1, 2025, Holder disposed of 37 shares of common stock at $167.48 per share to cover taxes related to vesting of restricted stock.
- On the same day, Holder acquired 1,636 shares of common stock at $0.
- On April 3, 2025, Holder sold 28 shares at $166.24 per share through an open market sale under a 10b5-1 plan to meet additional tax obligations.
- Following these transactions, Holder beneficially owns 8,564 shares of MAA common stock.
- Holder has a Power of Attorney naming Robert J. DelPriore, Leslie Wolfgang, and Kellye Clouse as attorneys-in-fact for executing Forms 3, 4, and 5.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to tax obligations and a pre-existing trading plan. There is no indication of significant positive or negative sentiment.
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 management's sentiment and actions regarding their company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The use of 10b5-1 plans is a common strategy for insiders to sell shares while avoiding accusations of insider trading, similar to practices seen at companies like Equity Residential (EQR) and AvalonBay Communities (AVB).
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting or increasing the number of outstanding shares.
- The use of a 10b5-1 plan provides transparency to stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 2024/04/02 | Date of Power of Attorney execution. |
| 2025/04/01 | Disposal of 37 shares to cover taxes and acquisition of 1,636 shares. |
| 2025/04/03 | Open market sale of 28 shares under 10b5-1 plan. |
Keywords
Form 4, beneficial ownership, stock transactions, Aubrey Clay Holder, MAA, Mid America Apartment Communities Inc., 10b5-1 plan, EVP, CFO
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