Russell R. French - May 18, 2021 Form 4 Insider Report for MID AMERICA APARTMENT COMMUNITIES INC. (MAA)

Role: Director
Signature: /s/ Kellye Clouse
Stock symbol: MAA
Transactions as of: May 18, 2021
Transactions value $: $5,508
Form type: 4
Date filed: 5/20/2021, 05:16 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MAA	Common Stock						5.53K	May 18, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MAA	Phantom Stock	Award	$5.51K	+35	+0.38%	$157.37	9.13K	May 18, 2021	Common Stock	35	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Russell R. French is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.