MAA director granted new phantom stock awards
Case John reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Case John reported acquisition or exercise transactions in this Form 4 filing.
Mid America Apartment Communities director John Case reported new equity-based compensation rather than market trades. He received two grants of phantom stock on common stock, one for 50 units and another for 1,401 units at $128.47 per unit. Each phantom stock unit is economically equivalent to one share of common stock.
Following these awards, Case directly holds 200 shares of common stock and 5,774.638 phantom stock units. The phantom stock will be paid in two equal annual installments beginning within 90 days after the calendar year in which he ceases to serve as a director, in cash or common stock at his election.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,451 shares
Grant/Award
3 txns
Insider
Case John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,401 | $128.47 | $180K |
| Grant/Award | Phantom Stock | 50 | $128.47 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 5,774.638 contracts (Direct);
Common Stock — 200 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: 50 units
Phantom stock grant 2: 1,401 units
Phantom stock grant price: $128.47 per unit
+2 more
5 metrics
Phantom stock grant 1
50 units
Phantom stock grant on common stock at $128.47 per unit
Phantom stock grant 2
1,401 units
Phantom stock grant on common stock at $128.47 per unit
Phantom stock grant price
$128.47 per unit
Price per phantom stock unit for both grants
Total phantom stock after grants
5,774.638 units
Phantom stock units held by John Case following transactions
Common stock holdings
200 shares
Direct common stock held by John Case following transactions
Key Terms
Phantom Stock, economic equivalent, payable in two equal annual installments, grant, award, or other acquisition
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."
payable in two equal annual installments financial
"The shares of phantom stock are payable in two equal annual installments beginning within the 90 days following the calendar year..."
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did MAA director John Case report on this Form 4?
John Case reported grants of phantom stock tied to Mid America Apartment Communities common shares. He received 50 units and 1,401 units at $128.47 each, increasing his phantom stock-based compensation holdings without any open-market buying or selling.
How many phantom stock units does John Case now hold in MAA?
After the reported grants, John Case holds 5,774.638 phantom stock units. Each unit is economically equivalent to one share of common stock, providing cash or stock value in the future based on Mid America Apartment Communities’ share price when paid.
Did John Case buy or sell MAA common stock in the market?
The filing does not show any open-market purchases or sales of common stock. It reports equity-based compensation awards in phantom stock and indicates that his direct common stock holdings stand at 200 shares following the reported transactions.
What is phantom stock in the context of MAA’s director compensation?
Phantom stock units are compensation instruments economically equivalent to one common share. For John Case, they will be settled in two equal annual installments after he ceases serving as a director, payable in cash or common stock at his election, aligning his interests with shareholders.
When will John Case’s MAA phantom stock units be paid out?
The phantom stock units are scheduled to be paid in two equal annual installments. Payments begin within 90 days following the calendar year in which John Case stops serving as a director, and may be settled in cash or common stock at his choice.
AI-generated analysis. How Rhea-AI works. Not financial advice.
