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

Signature
/s/ Kellye Clouse
Issuer symbol
MAA
Transactions as of
03 Apr 2024
Transactions value $
-$18,078
Form type
4
Filing time
05 Apr 2024, 17:01:28 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 -$9,505 -74 -0.47% $128.45 15,585 03 Apr 2024 Direct F1
transaction MAA Common Stock Sale -$8,572 -68 -0.44% $126.07 15,517 05 Apr 2024 Direct F2
holding MAA Common Stock 739 03 Apr 2024 Allocated shares in ESOP
holding MAA Common Stock 26 03 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.