Mid America Apartment (NYSE: MAA) EVP discloses Form 4 stock sales and awards

Rhea-AI Filing Summary

Mid America Apartment Communities Inc. (MAA) executive vice president of property management Kellye Clouse reported routine equity transactions. On 01/04/2026, 119 shares of common stock were disposed of at $139.13 to cover taxes tied to vesting of prior-year restricted stock, leaving 2,893 shares directly owned. On 01/06/2026, 1,139 shares were acquired at $0, reflecting restricted stock vesting, and 233 shares were then sold in the open market at $136.50 under a pre-established Rule 10b5-1 trading plan to meet additional tax obligations. After these transactions, Clouse directly owned 3,799 shares of MAA common stock.

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^*

Fairbanks Amber

(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, Property Management

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)		119	D	$139.13	2,893	D
Common Stock	01/06/2026		A		1,139	A	$0	4,032	D
Common Stock	01/06/2026		S(2)		233	D	$136.5	3,799	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).
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FAQ

What insider activity did MAA report for Kellye Clouse on this Form 4?

The filing reports that Kellye Clouse, EVP of Property Management at Mid America Apartment Communities Inc. (MAA), had shares withheld to cover taxes on restricted stock vesting and executed an open market sale under a Rule 10b5-1 plan, along with new restricted shares vesting.

How many MAA shares did Kellye Clouse sell and at what prices?

On 01/04/2026, Clouse had 119 shares disposed of at $139.13 to cover taxes. On 01/06/2026, Clouse sold 233 shares of MAA common stock in the open market at $136.50 per share pursuant to a 10b5-1 trading plan.

How many MAA shares did Kellye Clouse acquire in this Form 4 filing?

On 01/06/2026, Clouse acquired 1,139 shares of MAA common stock at $0, which the explanation links to shares earned and issued under a prior year restricted stock plan as they vested.

What was Kellye Clouse’s MAA share ownership after these transactions?

Following the reported transactions, the Form 4 shows that Kellye Clouse directly owned 3,799 shares of Mid America Apartment Communities Inc. common stock.

Why were some of Kellye Clouse’s MAA shares disposed of in this report?

The explanation states that 119 shares were disposed of to cover taxes related to vesting of shares earned under a prior year restricted stock plan, and that the 233-share open market sale under a 10b5-1 plan was also to meet additional tax obligations on restricted stock vestings.

What is the relationship of Kellye Clouse to Mid America Apartment Communities Inc.?

The Form 4 identifies Kellye Clouse as an Officer of Mid America Apartment Communities Inc., with the title EVP, Property Management, and indicates the report is filed for one reporting person.