Phantom stock grants to MAA (NYSE: MAA) director Edith Kelly Green
Rhea-AI Filing Summary
KELLY GREEN EDITH reported acquisition or exercise transactions in this Form 4 filing.
Mid America Apartment Communities director Edith Kelly Green reported new phantom stock awards and an updated equity position. She received two grants of phantom stock on May 19, 2026, one for 207 units and another for 1,401 units, each priced at $128.47 per unit.
These 1,608 phantom stock units are each the economic equivalent of one share of common stock and are payable in two equal annual installments after she ceases to serve as a director, in cash or common stock at her election. Following these transactions, she reports holding 10,154.236 phantom stock units directly and no directly held common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KELLY GREEN EDITH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,401 | $128.47 | $180K |
| Grant/Award | Phantom Stock | 207 | $128.47 | $27K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 10,154.236 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 grant 1: 207 units
Phantom stock grant 2: 1,401 units
Total phantom stock granted: 1,608 units
+3 more
6 metrics
Phantom stock grant 1
207 units
Phantom Stock grant on May 19, 2026
Phantom stock grant 2
1,401 units
Phantom Stock grant on May 19, 2026
Total phantom stock granted
1,608 units
Combined May 19, 2026 awards
Phantom stock reference price
$128.47 per unit
Transaction price per unit for both grants
Phantom stock holdings after grants
10,154.236 units
Total phantom stock reported following transactions
Direct common stock holdings
0 shares
Common Stock holding entry following transactions
Key Terms
Phantom Stock, economic equivalent, grant/award acquisition, derivative, +1 more
5 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 acquisition financial
"transaction_action": "grant/award 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.
Common Stock financial
"underlying_security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did MAA director Edith Kelly Green report in this Form 4 filing?
She reported compensation-related phantom stock awards totaling 1,608 units. The filing also shows she now holds 10,154.236 phantom stock units directly and no directly held common stock after the reported updates to her equity holdings.
How many phantom stock units did MAA (MAA) grant to the director?
She was granted 1,608 phantom stock units in total, in two awards of 207 and 1,401 units. Each unit is economically equivalent to one share of Mid America Apartment Communities common stock under the phantom stock plan terms.
At what reference price were the MAA phantom stock grants recorded?
Both phantom stock grants were recorded at $128.47 per unit. This price is used for reporting purposes in the filing and reflects the value assigned to the phantom stock awards on the transaction date of May 19, 2026.
How and when will the MAA phantom stock units be paid to the director?
The phantom stock units are payable in two equal annual installments. Payments begin within 90 days after the calendar year in which she ceases serving as a director, and can be made in cash or common stock at her election.
What are Edith Kelly Green’s reported holdings after these MAA transactions?
After the reported transactions, she holds 10,154.236 phantom stock units directly. The filing also shows a holding entry indicating zero shares of directly owned common stock following the update to her reported equity position in Mid America Apartment Communities.
Does this MAA Form 4 show any open-market stock purchases or sales?
No open-market purchases or sales are shown. The transactions are coded as grants or awards of phantom stock, reflecting compensation rather than market trading, and the filing does not report any buy or sell transactions in common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
