Form 4: SEC Form 4: Adrian Hill's Ownership Changes at MAA
Insider Transaction Report
SEC Form 4 filing details transactions by Adrian Hill, EVP and Chief Investment Officer of Mid America Apartment Communities Inc., including stock acquisitions and disposals for tax purposes.
Summary
- Adrian Hill, EVP and Chief Investment Officer of Mid America Apartment Communities Inc. (MAA), reported transactions on April 1, 2026.
- The filing indicates the acquisition of 10,907 shares of common stock at no cost.
- Additionally, 1,612 shares were disposed of at a price of $122.55 per share.
- These disposals are noted as being withheld to cover taxes related to shares earned and issued under a prior year restricted stock plan.
- Following these transactions, Mr. Hill beneficially owns 66,044.647 shares directly and 1,030 shares indirectly through the Hill Family Irr TR.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine insider transactions related to compensation and tax obligations, with no indication of significant changes in beneficial ownership or company strategy.
Positives
- Acquisition of 10,907 shares of common stock at no cost, indicating potential stock-based compensation or awards.
- Mr. Hill continues to hold a significant number of shares, both directly and indirectly, demonstrating continued investment in the company.
Negatives
- Disposal of 1,612 shares, although explained as tax-related, represents a reduction in direct holdings.
Risks
- The filing does not explicitly mention any new risks. However, the need to withhold shares for tax purposes implies potential tax liabilities for the executive.
Future Outlook
The filing does not contain forward-looking statements or guidance. It solely reports past transactions.
Management Comments
- Disposals are being withheld to cover taxes related to vesting pursuant to shares earned and issued under a prior year restricted stock plan.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The details provided by Adrian Hill, EVP and Chief Investment Officer of MAA, are typical for executives managing stock-based compensation and tax obligations related to equity awards.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Adrian Hill granted power of attorney to Robert J. DelPriore, Leslie Wolfgang, and Kellye Clouse to execute Forms 3, 4, and 5 on his behalf. | 12/13/2021 | Ensures timely and accurate filing of insider transaction reports by designated individuals. |
Stakeholder Impact
- Shareholders: The transactions reported are standard for executive compensation and tax management and are not expected to have a significant direct impact on share price or overall shareholder value.
- Employees: The filing relates to executive compensation and does not directly impact general employee compensation or benefits.
- Management: The filing confirms the ongoing role and equity interest of a key executive, Adrian Hill.
Next Steps
- Continued monitoring of Adrian Hill's beneficial ownership and any future transactions.
- Review of MAA's upcoming financial reports for broader company performance context.
Key Dates
| Date | Description |
|---|---|
| 12/13/2021 | Date of execution for the Power of Attorney granted by Adrian Hill. |
| 04/01/2026 | Date of earliest transaction reported in the filing. |
| 04/06/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
SEC Form 4, Adrian Hill, Mid America Apartment Communities, MAA, Insider Trading, Beneficial Ownership, Stock Transaction, Restricted Stock Plan, EVP, Chief Investment Officer
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