H. Eric Bolton Jr. - 11 Jan 2024 Form 4 Insider Report for MID AMERICA APARTMENT COMMUNITIES INC. (MAA)

Signature
/s/ Kellye Clouse
Issuer symbol
MAA
Transactions as of
11 Jan 2024
Net transactions value
-$524,486
Form type
4
Filing time
11 Jan 2024, 16:33:16 UTC
Previous filing
08 Jan 2024
Next filing
03 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAA Common Stock Sale $524,486 -4,028 -1.3% $130.21 304,523 11 Jan 2024 Direct F1
holding MAA Common Stock 9,634 11 Jan 2024 Allocated Shares in ESOP Trust
* 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 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.