MAA director receives stock and phantom stock awards
MID AMERICA APARTMENT COMMUNITIES INC. director Deborah H. Caplan reported stock-based compensation awards rather than open-market trades.
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Form Type
4
Rhea-AI Filing Summary
MID AMERICA APARTMENT COMMUNITIES INC. director Deborah H. Caplan reported stock-based compensation awards rather than open-market trades. She received 1,401 shares of Common Stock with no purchase price, bringing her direct Common Stock holdings to 5,371 shares after the transaction.
Caplan also acquired 113 units of Phantom Stock, each economically equivalent to one share of Common Stock, at a reference price of $128.47 per unit. Her Phantom Stock balance increased to 1,432.592 units, which will be paid in two equal annual installments after she ceases to serve as a director, in cash or stock at her election.
Insider Trade Summary
Grant/Award: 1,514 shares
Grant/Award
2 txns
Insider
Caplan Deborah H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 113 | $128.47 | $15K |
| Grant/Award | Common Stock | 1,401 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 1,432.592 contracts (Direct);
Common Stock — 5,371 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
Common Stock grant: 1,401 shares
Common shares after grant: 5,371 shares
Phantom Stock award: 113 units
+3 more
6 metrics
Common Stock grant
1,401 shares
Awarded on 2026-05-19
Common shares after grant
5,371 shares
Direct holdings after 2026-05-19 transaction
Phantom Stock award
113 units
Awarded on 2026-05-19
Phantom reference price
$128.47 per unit
Transaction price per Phantom Stock unit
Phantom units after award
1,432.592 units
Total Phantom Stock following transaction
Phantom payout structure
Two equal annual installments
Begins after calendar year she ceases to serve as director
Key Terms
Phantom Stock, economic equivalent, Common Stock, deferred compensation
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."
Common Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
deferred compensation financial
"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."
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MAA director Deborah H. Caplan report in this Form 4 filing?
Deborah H. Caplan reported stock-based compensation awards, not market trades. She received 1,401 shares of Common Stock and 113 units of Phantom Stock, increasing her direct ownership and deferred equity exposure in Mid America Apartment Communities.
What is the size and nature of the Phantom Stock award reported by MAA?
Caplan was awarded 113 units of Phantom Stock, each economically equivalent to one Common Stock share, at a reference price of $128.47 per unit. The award increases her Phantom Stock balance to 1,432.592 units as deferred equity compensation.
How and when will Deborah H. Caplan’s MAA Phantom Stock be paid out?
The Phantom Stock will be paid in two equal annual installments beginning within 90 days after the calendar year in which she stops serving as a director. Payments can be in cash or Common Stock, at her election, providing deferred compensation linked to MAA’s stock.
Does the MAA Form 4 show any stock sales or open-market purchases by Deborah H. Caplan?
The Form 4 does not show any stock sales or open-market purchases. It reports grant or award acquisitions of Common Stock and Phantom Stock, both categorized as compensation-related transactions rather than discretionary market trading.
How many total Phantom Stock units does Deborah H. Caplan hold after this MAA award?
Following the reported award, Deborah H. Caplan holds 1,432.592 Phantom Stock units tied to Mid America Apartment Communities. Each unit tracks the value of one Common Stock share and will be settled after she leaves the board under the plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
