Form 4: Mid America Apartment Communities Inc. Executive DelPriore Reports Tax-Related Share Disposal
SEC Form 4 Filing
Robert J. DelPriore, EVP and General Counsel of Mid America Apartment Communities Inc., reports the disposal of shares to cover taxes related to vesting of a prior year restricted stock plan.
Summary
- On April 3, 2024, Robert J. DelPriore, EVP and General Counsel of Mid America Apartment Communities Inc. (MAA), reported a transaction involving the disposal of 580 shares of common stock.
- The shares were disposed of to cover taxes related to the vesting of shares earned and issued under a prior year restricted stock plan.
- The transaction was executed at a price of $128.45 per share.
- Following the transaction, DelPriore beneficially owns 53,969.4148 shares of MAA common stock directly.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 2021-01-08 | Date of Power of Attorney execution. |
| 2024-04-03 | Date of the transaction (share disposal for tax withholding). |
| 2024-04-05 | Date of signature on the Form 4 filing. |
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