Form 4: Mid America Apartment Communities Inc. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Robert J. DelPriore, EVP and General Counsel of Mid America Apartment Communities Inc., reports changes in beneficial ownership of common stock due to transactions on April 1, 2024, including acquisitions and disposals to cover taxes.
Summary
- Robert J. DelPriore, an executive at Mid America Apartment Communities Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- On April 1, 2024, DelPriore acquired 6,347 shares of common stock at $0 and 4,419 shares of common stock at $0.
- On the same day, he disposed of 3,522 shares at $128.7 to cover taxes related to vesting of shares issued under a prior year restricted stock plan.
- Following these transactions, DelPriore directly owns 54,549.4148 shares of common stock and indirectly owns shares through a 401-K.
- The filing also includes a power of attorney, originally executed on January 8, 2021, authorizing Kellye Clouse, Leslie Wolfgang, and Robert J. DelPriore to execute Forms 3, 4, and 5 on his behalf.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive stock transactions, which is a common practice in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- The transactions may have a minor impact on the company's stock price.
Key Dates
| Date | Description |
|---|---|
| 2021-01-08 | Date of Power of Attorney execution. |
| 2024-04-01 | Date of the reported transactions (acquisition and disposal of shares). |
| 2024-04-03 | Date of signature on the Form 4 filing. |
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