Mid America Apartment Communities (MAA) CFO reports tax-related stock moves

Rhea-AI Filing Summary

Mid America Apartment Communities EVP and CFO Holder Aubrey Clay reported small stock transactions in company shares. On January 6, 2026, 156 shares of common stock were disposed of at $138.17 per share to cover taxes related to vesting of shares earned under a prior year restricted stock plan. On January 8, 2026, 73 shares were sold in the open market at $134.98 per share under a Rule 10b5-1 trading plan, with proceeds used to meet additional tax obligations from previously earned restricted stock vestings. Following these transactions, Clay beneficially owns 10,418 shares of Mid America Apartment Communities common stock directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Holder Aubrey Clay

(Last) (First) (Middle)

6815 POPLAR AVE

SUITE 500

(Street)

GERMANTOWN TN 38138

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MID AMERICA APARTMENT COMMUNITIES INC. [ MAA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/06/2026		F(1)		156	D	$138.17	10,491	D
Common Stock	01/08/2026		S(2)		73	D	$134.98	10,418	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Disposals are being withheld to cover taxes related to vesting pursuant to shares earned and issued under a prior year restricted stock plan.

2. 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.

	/s/ Kellye Clouse	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

Who is the insider trading Mid America Apartment Communities (MAA) stock in this filing?

The reporting person is Holder Aubrey Clay, who serves as Executive Vice President and Chief Financial Officer of Mid America Apartment Communities.

What insider transactions in MAA stock occurred on January 6, 2026?

On January 6, 2026, 156 shares of Mid America Apartment Communities common stock were disposed of at $138.17 per share, with the footnote stating these shares were withheld to cover taxes related to vesting of shares earned under a prior year restricted stock plan.

What insider sale of MAA stock occurred on January 8, 2026?

On January 8, 2026, 73 shares of Mid America Apartment Communities common stock were sold at $134.98 per share in an open market sale under a Rule 10b5-1 trading plan, with the footnote stating the sale was to meet additional tax obligations from restricted stock vestings.

How many MAA shares does the CFO own after these transactions?

After the reported transactions, Holder Aubrey Clay beneficially owns 10,418 shares of Mid America Apartment Communities common stock directly.

Were the MAA insider transactions related to compensation or discretionary trading?

Both transactions are tied to equity compensation and tax obligations. One footnote explains that 156 shares were withheld to cover taxes on vested restricted stock, and another notes that the 73-share sale under a Rule 10b5-1 plan was to meet additional tax obligations related to prior year restricted stock vestings.

Is there any indication that an entity, rather than the individual, executed the MAA trades?

The filing shows the transactions as direct (D) ownership by Holder Aubrey Clay, and the footnotes describe tax-related dispositions and a 10b5-1 plan but do not attribute the trades to a separate entity such as a trust or LLC.