Melanie Carpenter - 03 Apr 2024 Form 4 Insider Report for MID AMERICA APARTMENT COMMUNITIES INC. (MAA)

Role
EVP & CHRO
Signature
/s/ Kellye Clouse
Issuer symbol
MAA
Transactions as of
03 Apr 2024
Net transactions value
-$52,688
Form type
4
Filing time
05 Apr 2024, 16:55:45 UTC
Previous filing
03 Apr 2024
Next filing
07 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAA Common Stock Tax liability $13,102 -102 -0.49% $128.45 20,847 03 Apr 2024 Direct F1
transaction MAA Common Stock Sale $39,586 -314 -1.5% $126.07 20,533 05 Apr 2024 Direct F2
holding MAA Common Stock 930 03 Apr 2024 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.