Melanie Carpenter - 01 Apr 2023 Form 4 Insider Report for MID AMERICA APARTMENT COMMUNITIES INC. (MAA)

Role
EVP & CHRO
Signature
/s/ Kellye Clouse
Issuer symbol
MAA
Transactions as of
01 Apr 2023
Net transactions value
-$124,965
Form type
4
Filing time
04 Apr 2023, 17:25:02 UTC
Previous filing
11 Jan 2023
Next filing
05 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAA Common Stock Tax liability $52,864 -350 -2% $151.04 17,149 01 Apr 2023 Direct F1
transaction MAA Common Stock Sale $72,101 -480 -2.8% $150.21 16,669 04 Apr 2023 Direct F2
holding MAA Common Stock 894 01 Apr 2023 Allocated Shares of ESOP
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Disposals are being withheld to cover taxes related to vesting pursuant to shares earned and issued under a prior year restricted stock plan.
F2 Open market sale pursuant to a 10b5-1 plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Shares were sold to meet additional tax obligations related to vestings of shares of restricted stock previously earned under a prior year restricted stock plan.