THOMAS H. LOWDER - 17 May 2022 Form 4 Insider Report for MID AMERICA APARTMENT COMMUNITIES INC. (MAA)

Role: Director
Signature: /s/ Kellye Clouse
Issuer symbol: MAA
Transactions as of: 17 May 2022
Net transactions value: +$24,011
Form type: 4
Filing time: 19 May 2022, 16:47:45 UTC
Previous filing: 23 Mar 2022
Next filing: 28 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MAA	Common Stock	Award	$0	+835	+8.6%	$0.000000	10,594	17 May 2022	Direct
holding	MAA	Common Stock						25,791	17 May 2022	IRA
holding	MAA	Common Stock						357	17 May 2022	By THL Investments, LLC

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	$24,011	+136	+2.9%	$176.55	4,833	17 May 2022	Common Stock	136		Direct	F1
holding	MAA	Limited Partnership Units						228,726	17 May 2022	Common Stock	228,726		Direct	F2
holding	MAA	Limited Partnership Units						19,928	17 May 2022	Common Stock	19,928		By THL Investments, LLC	F2

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

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.
F2	Units are redeemable for an equal number of shares of the issuer's Common Stock or, at the election of the issuer, cash equal to the fair market value of such shares. Units have no expiration date.