Mid America Apartment Communities (NYSE: MAA) CFO details stock vesting, tax-related share sales

Rhea-AI Filing Summary

Mid America Apartment Communities Inc. (MAA) reported insider equity activity by its EVP and CFO. On 01/04/2026, the officer disposed of 110 shares of common stock at $139.13 per share, withheld to cover taxes tied to previously earned restricted stock. On 01/06/2026, the officer acquired 2,288 shares of common stock at $0, reflecting the vesting and issuance of restricted stock from a prior-year plan, and sold 51 shares in an open-market transaction at $136.50 per share under a pre-established Rule 10b5-1 trading plan to meet additional tax obligations. After these transactions, the officer directly held 10,647 shares of MAA common stock.

Insider Trade Summary

Net Seller: 51 shares ($6,962)

Net Sell 3 txns

Insider Holder Aubrey Clay

Role EVP, CFO

Sold 51 shs ($7K)

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,288	$0.00	--
Sale	Common Stock	51	$136.50	$7K
Tax Withholding	Common Stock	110	$139.13	$15K

Holdings After Transaction: Common Stock — 10,698 shares (Direct)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
01/04/2026

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	01/04/2026		F(1)		110	D	$139.13	8,410	D
Common Stock	01/06/2026		A		2,288	A	$0	10,698	D
Common Stock	01/06/2026		S(2)		51	D	$136.5	10,647	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	01/06/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did MAA's EVP, CFO report on this Form 4?

The EVP, CFO of Mid America Apartment Communities Inc. (MAA) reported three transactions: a tax withholding disposal of 110 shares on 01/04/2026, an acquisition of 2,288 restricted shares at $0 on 01/06/2026, and an open-market sale of 51 shares at $136.50 on 01/06/2026.

How many MAA shares does the reporting officer own after the reported transactions?

Following the reported Form 4 transactions, the EVP, CFO directly owns 10,647 shares of MAA common stock.

Why were some of the MAA shares disposed of by the EVP, CFO?

The Form 4 explains that 110 shares were disposed of to cover taxes related to the vesting of shares earned and issued under a prior-year restricted stock plan, and the 51-share sale was also to meet additional tax obligations related to restricted stock vesting.

What is the significance of the Rule 10b5-1 plan mentioned for the MAA insider sale?

The 51-share open-market sale on 01/06/2026 was made under a pre-arranged Rule 10b5-1 trading plan, which is designed to allow insiders to sell shares according to a predetermined schedule or formula.

What prices were reported for the MAA insider's stock transactions?

The tax-related disposal on 01/04/2026 was at $139.13 per share, the 2,288-share restricted stock acquisition on 01/06/2026 was reported at $0 per share, and the 51-share open-market sale on 01/06/2026 was at $136.50 per share.

What role does the reporting person hold at Mid America Apartment Communities Inc. (MAA)?

The reporting person is an officer of MAA, serving as EVP, CFO, and filed this Form 4 as a single reporting person.