MAA (MAA) director receives 1,401 phantom stock units as equity award
Rhea-AI Filing Summary
McGrath Sheila K. reported acquisition or exercise transactions in this Form 4 filing.
MID AMERICA APARTMENT COMMUNITIES INC. director Sheila K. McGrath reported a compensation-related award of derivative securities. She received 1,401 shares of Phantom Stock, each economically equivalent to one share of common stock, at a reference price of $128.47 per share.
Following this grant, her Phantom Stock balance increased to 3,424.919 shares. The Phantom Stock will be paid in two equal annual installments after she ceases to serve as a director, in cash or common stock at her election. The filing also shows she held 0 shares of directly owned common stock after the reported transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McGrath Sheila K.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,401 | $128.47 | $180K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 3,424.919 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
- F1. Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year in which the reporting person ceases to serve as a director, in cash or common stock, at the election of the reporting person.
Key Figures
Phantom Stock granted: 1,401 shares
Phantom Stock reference price: $128.47 per share
Phantom Stock holdings after grant: 3,424.919 shares
+2 more
5 metrics
Phantom Stock granted
1,401 shares
Grant, award, or other acquisition on May 19, 2026
Phantom Stock reference price
$128.47 per share
Price per Phantom Stock unit at grant
Phantom Stock holdings after grant
3,424.919 shares
Total Phantom Stock following the transaction
Common Stock holdings after filing
0 shares
Directly owned common stock after reported transactions
Phantom Stock payout structure
Two equal annual installments
Paid after director service ends, in cash or stock
Key Terms
Phantom Stock, economic equivalent, Grant, award, or other acquisition, derivative
4 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
derivative financial
""transaction_type": "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What insider transaction did MAA director Sheila K. McGrath report on this Form 4?
Sheila K. McGrath reported receiving 1,401 shares of Phantom Stock as a compensation-related award. These derivatives are tied to MID AMERICA APARTMENT COMMUNITIES INC. common stock and increase her Phantom Stock balance to 3,424.919 shares following the transaction.
What is the value reference for the Phantom Stock granted to MAA director Sheila McGrath?
The 1,401 Phantom Stock units were granted at a reference price of $128.47 per unit. Each unit is the economic equivalent of one share of common stock, linking the award’s value to MID AMERICA APARTMENT COMMUNITIES INC.’s share price performance over time.
How many Phantom Stock units does Sheila McGrath hold after this MAA Form 4 filing?
After the reported award, Sheila McGrath holds 3,424.919 Phantom Stock units. Each unit represents the economic equivalent of one share of MID AMERICA APARTMENT COMMUNITIES INC. common stock, providing equity-linked compensation rather than immediate share ownership.
When will Sheila McGrath’s MAA Phantom Stock be paid out and in what form?
The Phantom Stock will be paid in two equal annual installments after she ceases serving as a director. Payment will occur within 90 days following the calendar year of her departure, in either cash or common stock, at her election.
Does the MAA Form 4 show Sheila McGrath holding common stock directly after the transaction?
The Form 4 shows she held 0 shares of directly owned common stock after the reported transactions. Her equity-linked exposure instead comes from 3,424.919 Phantom Stock units, which mirror the economic value of MID AMERICA APARTMENT COMMUNITIES INC. common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
