[Form 4] MID AMERICA APARTMENT COMMUNITIES INC. Insider Trading Activity

Rhea-AI Filing Summary

Mid America Apartment Communities executive and director Terry Hill reported routine changes in his ownership of the company’s common stock. On 01/04/2026, he disposed of 409 shares at $139.13 per share through shares withheld to cover taxes tied to previously earned restricted stock. On 01/06/2026, he acquired 7,165 shares at $0, reflecting stock earned and issued under a prior year restricted stock plan. Following these transactions, he beneficially owned 55,521.647 shares directly and 1,030 shares indirectly through the Hill Family Irr TR FBO Terry Hill, Adrian Hill TTEE.

Insights

Equity compensation and insider-transactions analyst

Routine equity compensation: tax withholding sale and restricted stock vesting with modest net increase in direct holdings.

The filing shows Terry Hill, a director and EVP, Chief Investment Officer of Mid America Apartment Communities, reporting standard equity compensation events. On 01/04/2026, 409 common shares were disposed of with code F at a price of $139.13 per share, which the explanation notes were withheld to cover taxes from restricted stock vesting.

On 01/06/2026, Hill acquired 7,165 common shares at $0, consistent with stock earned and issued under a prior-year restricted stock plan. After these moves, his directly held stake is 55,521.647 shares, with an additional 1,030 shares held indirectly via the Hill Family Irr TR FBO Terry Hill, Adrian Hill TTEE.

Because the sale was for tax withholding and the acquisition was compensation-related, this appears as routine insider activity rather than a discretionary change in exposure. The overall effect is a net increase in directly owned shares, but the significance for outside investors depends on broader context not provided here.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Hill Adrian

Role EVP, Chief Investment Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,165	$0.00	--
Tax Withholding	Common Stock	409	$139.13	$57K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 55,521.647 shares (Direct); Common Stock — 1,030 shares (Indirect, Hill Family Irr TR FBO Terry Hill, Adrian Hill TTEE)

Footnotes (1)

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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).

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^*

Hill Adrian

(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)

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

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)		409	D	$139.13	48,356.647	D
Common Stock	01/06/2026		A		7,165	A	$0	55,521.647	D
Common Stock								1,030	I	Hill Family Irr TR FBO Terry Hill, Adrian Hill TTEE

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.

	/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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did MAA officer Terry Hill report?

Terry Hill reported two transactions in Mid America Apartment Communities common stock: on 01/04/2026, he disposed of 409 shares at $139.13 per share, and on 01/06/2026, he acquired 7,165 shares at $0.

Why did Terry Hill dispose of 409 MAA shares on 01/04/2026?

The explanation states that the 409 shares disposed of on 01/04/2026 were withheld to cover taxes related to vesting of shares earned and issued under a prior year restricted stock plan.

How many MAA shares did Terry Hill acquire through restricted stock?

On 01/06/2026, Terry Hill acquired 7,165 shares of Mid America Apartment Communities common stock at $0, reflecting shares earned and issued under a prior year restricted stock plan.

What is Terry Hills total direct ownership in MAA after these transactions?

Following the reported transactions, Terry Hill beneficially owned 55,521.647 shares of Mid America Apartment Communities common stock directly.

Does Terry Hill have any indirect ownership of MAA shares?

Yes. In addition to his direct holdings, the form reports 1,030 shares held indirectly through the Hill Family Irr TR FBO Terry Hill, Adrian Hill TTEE.

What is Terry Hills role at Mid America Apartment Communities (MAA)?

The report identifies Terry Hill as a Director and as an Officer with the title EVP, Chief Investment Officer of Mid America Apartment Communities Inc.