[Form 4] MID AMERICA APARTMENT COMMUNITIES INC. Insider Trading Activity
Reporting person: The form names "Case John" as the reporting person for Mid America Apartment Communities, Inc. (MAA). The filing documents a transaction dated 09/23/2025.
The report shows a disposition of 200 shares of common stock and the acquisition of 46 phantom stock units on the same date. Each phantom stock unit is economically equivalent to one share of common stock and is payable in two equal annual installments beginning within 90 days after the calendar year in which the reporting person ceases to serve as a director, payable in cash or common stock at the reporting person’s election. Following the reported derivative transaction, the reporting person beneficially owns 4,080.178 shares (direct).
Relazione della persona segnalante: il modulo identifica "Case John" come la persona che presenta la segnalazione per Mid America Apartment Communities, Inc. (MAA). La documentazione descrive una transazione datata 23/09/2025.
Il report riporta una cessione di 200 azioni ordinarie e l’acquisizione di 46 unità azionarie fantasma nello stesso giorno. Ogni unità fantasma è economicamente equivalente a una azione ordinaria ed è pagabile in due rate annuali uguali, a partire entro 90 giorni dall’anno civile in cui la persona segnalante cessa di ricoprire la carica di amministratore, pagabili in contanti o in azioni ordinarie a scelta della persona segnalante. A seguito della transazione derivata riportata, la persona segnalante detiene direttamente 4.080,178 azioni.
Persona informante: el formulario nombra a "Case John" como la persona que presenta el informe para Mid America Apartment Communities, Inc. (MAA). El archivo muestra una transacción fechada el 23/09/2025.
El informe indica una disposición de 200 acciones ordinarias y la adquisición de 46 unidades de acciones fantasma en la misma fecha. Cada unidad de acción fantasma es económicamente equivalente a una acción ordinaria y se paga en dos amortizaciones anuales iguales, comenzando dentro de los 90 días posteriores al año calendario en el que la persona informante deja de ser director, pagaderas en efectivo o en acciones ordinarias a elección del informante. Tras la transacción derivada reportada, la persona informante posee beneficiosamente 4.080,178 acciones (directamente).
보고자: 양식은 "Case John"을 Mid America Apartment Communities, Inc. (MAA)의 보고자로 명시합니다. 제출 문서는 2025-09-23자로 기재된 거래를 기록합니다.
보고서는 같은 날짜에 보통주 200주 처분과 46 주판상 주식(팬텀 주식)의 취득을 보여줍니다. 각 팬텀 주식 단위는 실질적으로 한 주의 보통주와 같은 가치를 가지며, 보고자가 이사로 재직을 마치는 해의 달력 연도 이후 90일 이내에 시작되는 두 차례의 동등한 연간 분할로 현금 또는 보통주로 지급됩니다. 보고된 파생거래 후, 보고자는 직접적으로 4,080.178주를 보유하게 됩니다.
Personne détenant le rapport : le formulaire désigne « Case John » comme la personne qui transmet le rapport pour Mid America Apartment Communities, Inc. (MAA). Le dépôt décrit une transaction datée du 23/09/2025.
Le rapport indique une cession de 200 actions ordinaires et l’acquisition de 46 unités d’actions fantômes à la même date. Chaque unité d’action fantôme est économiquement équivalente à une action ordinaire et est payable en deux versements annuels égaux, à compter de dans les 90 jours suivant l’année civile au cours de laquelle la personne détenant le rapport cesse d’être administrateur, payable en espèces ou en actions ordinaires au choix de la personne détenant le rapport. Suite à la transaction dérivée rapportée, la personne détenant le rapport détient directement 4 080,178 actions.
Meldeperson: Das Formular benennt "Case John" als Meldeperson für Mid America Apartment Communities, Inc. (MAA). Die Einreichung dokumentiert eine Transaktion vom 23.09.2025.
Der Bericht weist auf eine Veräußerung von 200 Stammaktien hin und den Erwerb von 46 Phantomaktieneinheiten am selben Datum. Jede Phantomaktieneinheit ist wirtschaftlich äquivalent zu einer Stammaktie und ist in zwei gleichen jährlichen Raten zahlbar, beginnend innerhalb von 90 Tagen nach dem Kalenderjahr, in dem die Meldeperson ihr Amt als Direktor beendet, und zahlbar in bar oder in Stammaktien nach Wahl der Meldeperson. Nach der gemeldeten Derivattransaktion besitzt die Meldeperson direkt 4.080,178 Aktien.
الشخص المبلغ: يُشير النموذج إلى «Case John» كشخص يبلغ عن المعلومات لصالح Mid America Apartment Communities, Inc. (MAA). تُوثّق الوثيقة صفقة بتاريخ 23/09/2025.
ويظهر التقرير تصرفاً في 200 سهم عادي و
申报人： 表格将“Case John”列为 Mid America Apartment Communities, Inc.（MAA）的申报人。备案文件记录了一笔日期为 2025-09-23 的交易。
报告显示在同一日期有 处置200股普通股，并获得 46单位幻影股票。每单位幻影股票在经济上等同于一股普通股，且在申报人不再担任董事的日历年起的90天内，分两期按年支付完毕，可选择以现金或普通股支付。经上述衍生交易后，申报人直接持有 4,080.178股。
- Received 46 phantom stock units that provide deferred economic exposure equivalent to common shares
- Clear payout terms for phantom units: payable in two equal annual installments beginning within 90 days after the calendar year of termination, payable in cash or common stock at election
- Retains direct beneficial ownership of 4,080.178 shares following the reported transactions
- Disposed of 200 common shares on 09/23/2025 as reported
- No information provided about the reason for the 200-share disposition or whether it was part of a planned program
Insights
TL;DR: Director received 46 phantom stock units with deferred payout terms while disposing of 200 shares; the change appears procedural and not immediately dilutive.
The form documents standard director compensation via phantom stock units that mirror common shares and specify deferred payouts payable in cash or stock after termination of service. The filing also records a contemporaneous disposition of 200 common shares. These items are governance and compensation-related disclosures rather than operational results. The continued direct beneficial ownership of 4,080.178 shares is explicitly stated and quantifies current exposure.
TL;DR: Insider activity includes a small share sale and award of 46 phantom units; magnitude is limited relative to typical public-company floats.
The report shows a 200-share disposition and an award of 46 phantom stock units with an indicated underlying per-share price of $141.12 for valuation purposes. The phantom units convert economically to common shares and are payable in two annual installments after the director leaves the board, offering deferred compensation flexibility. The filing provides explicit quantities and terms but contains no operational or financial performance metrics.
Relazione della persona segnalante: il modulo identifica "Case John" come la persona che presenta la segnalazione per Mid America Apartment Communities, Inc. (MAA). La documentazione descrive una transazione datata 23/09/2025.
Il report riporta una cessione di 200 azioni ordinarie e l’acquisizione di 46 unità azionarie fantasma nello stesso giorno. Ogni unità fantasma è economicamente equivalente a una azione ordinaria ed è pagabile in due rate annuali uguali, a partire entro 90 giorni dall’anno civile in cui la persona segnalante cessa di ricoprire la carica di amministratore, pagabili in contanti o in azioni ordinarie a scelta della persona segnalante. A seguito della transazione derivata riportata, la persona segnalante detiene direttamente 4.080,178 azioni.
Persona informante: el formulario nombra a "Case John" como la persona que presenta el informe para Mid America Apartment Communities, Inc. (MAA). El archivo muestra una transacción fechada el 23/09/2025.
El informe indica una disposición de 200 acciones ordinarias y la adquisición de 46 unidades de acciones fantasma en la misma fecha. Cada unidad de acción fantasma es económicamente equivalente a una acción ordinaria y se paga en dos amortizaciones anuales iguales, comenzando dentro de los 90 días posteriores al año calendario en el que la persona informante deja de ser director, pagaderas en efectivo o en acciones ordinarias a elección del informante. Tras la transacción derivada reportada, la persona informante posee beneficiosamente 4.080,178 acciones (directamente).
보고자: 양식은 "Case John"을 Mid America Apartment Communities, Inc. (MAA)의 보고자로 명시합니다. 제출 문서는 2025-09-23자로 기재된 거래를 기록합니다.
보고서는 같은 날짜에 보통주 200주 처분과 46 주판상 주식(팬텀 주식)의 취득을 보여줍니다. 각 팬텀 주식 단위는 실질적으로 한 주의 보통주와 같은 가치를 가지며, 보고자가 이사로 재직을 마치는 해의 달력 연도 이후 90일 이내에 시작되는 두 차례의 동등한 연간 분할로 현금 또는 보통주로 지급됩니다. 보고된 파생거래 후, 보고자는 직접적으로 4,080.178주를 보유하게 됩니다.
Personne détenant le rapport : le formulaire désigne « Case John » comme la personne qui transmet le rapport pour Mid America Apartment Communities, Inc. (MAA). Le dépôt décrit une transaction datée du 23/09/2025.
Le rapport indique une cession de 200 actions ordinaires et l’acquisition de 46 unités d’actions fantômes à la même date. Chaque unité d’action fantôme est économiquement équivalente à une action ordinaire et est payable en deux versements annuels égaux, à compter de dans les 90 jours suivant l’année civile au cours de laquelle la personne détenant le rapport cesse d’être administrateur, payable en espèces ou en actions ordinaires au choix de la personne détenant le rapport. Suite à la transaction dérivée rapportée, la personne détenant le rapport détient directement 4 080,178 actions.
Meldeperson: Das Formular benennt "Case John" als Meldeperson für Mid America Apartment Communities, Inc. (MAA). Die Einreichung dokumentiert eine Transaktion vom 23.09.2025.
Der Bericht weist auf eine Veräußerung von 200 Stammaktien hin und den Erwerb von 46 Phantomaktieneinheiten am selben Datum. Jede Phantomaktieneinheit ist wirtschaftlich äquivalent zu einer Stammaktie und ist in zwei gleichen jährlichen Raten zahlbar, beginnend innerhalb von 90 Tagen nach dem Kalenderjahr, in dem die Meldeperson ihr Amt als Direktor beendet, und zahlbar in bar oder in Stammaktien nach Wahl der Meldeperson. Nach der gemeldeten Derivattransaktion besitzt die Meldeperson direkt 4.080,178 Aktien.
FAQ
Who filed the Form 4 for MAA and what date are the transactions?
How many shares were disposed and how many phantom units were acquired in this filing?
What are the payout terms for the phantom stock units?
What is the reported per-share price associated with the phantom units?
How many shares does the reporting person beneficially own after the transactions?
