Timothy Argo - 01 Apr 2024 Form 4 Insider Report for MID AMERICA APARTMENT COMMUNITIES INC. (MAA)

Signature
/s/ Kellye Clouse
Issuer symbol
MAA
Transactions as of
01 Apr 2024
Transactions value $
-$59,024
Form type
4
Filing time
03 Apr 2024, 17:02:12
Previous filing
08 Jan 2024
Next filing
05 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAA Common Stock Award $0 +1.05K +7.62% $0.00 14.9K 01 Apr 2024 Direct
transaction MAA Common Stock Award $0 +1.25K +8.43% $0.00 16.1K 01 Apr 2024 Direct
transaction MAA Common Stock Tax liability -$46.7K -363 -2.25% $128.70 15.8K 01 Apr 2024 Direct F1
transaction MAA Common Stock Sale -$12.3K -97 -0.62% $126.86 15.7K 03 Apr 2024 Direct F2
holding MAA Common Stock 740 01 Apr 2024 Allocated shares in ESOP
holding MAA Common Stock 26.5 01 Apr 2024 IRA
* 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.