Thomas H. Lowder - May 16, 2023 Form 4 Insider Report for MID AMERICA APARTMENT COMMUNITIES INC. (MAA)

Role: Director
Signature: /s/ Kellye Clouse
Stock symbol: MAA
Transactions as of: May 16, 2023
Transactions value $: $24,059
Form type: 4
Date filed: 5/17/2023, 04:49 PM
Previous filing: Mar 22, 2023
Next filing: Sep 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MAA	Common Stock	Award	$0	+1.09K	+10.33%	$0.00	11.7K	May 16, 2023	Direct
holding	MAA	Common Stock						25.8K	May 16, 2023	IRA
holding	MAA	Common Stock						357	May 16, 2023	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	$24.1K	+162	+2.96%	$148.51	5.63K	May 16, 2023	Common Stock	162		Direct	F1

* 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.