H. Eric Bolton Jr - Apr 3, 2024 Form 4 Insider Report for MID AMERICA APARTMENT COMMUNITIES INC. (MAA)

Signature
/s/ Kellye Clouse
Stock symbol
MAA
Transactions as of
Apr 3, 2024
Transactions value $
-$553,369
Form type
4
Date filed
4/5/2024, 04:47 PM
Previous filing
Apr 3, 2024
Next filing
May 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAA Common Stock Tax liability -$220K -1.72K -0.53% $128.45 320K Apr 3, 2024 Direct F1
transaction MAA Common Stock Sale -$333K -2.64K -0.82% $126.07 318K Apr 5, 2024 Direct F2
holding MAA Common Stock 9.63K Apr 3, 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 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.