Was Amber Fairbanks’ MAA share sale made under a Rule 10b5-1 plan?

Yes. The footnotes state the 711-share open-market sale was executed under a pre-arranged Rule 10b5-1 trading plan . Such plans schedule trades in advance, indicating the sale was part of a structured program rather than opportunistic timing.

MAA (NYSE: MAA) EVP sells shares after restricted stock vests

Q: What did MAA executive Amber Fairbanks report in this Form 4 filing?

Amber Fairbanks, EVP of Property Management at MAA , reported a restricted stock grant, tax-related share withholding, and a small open-market sale. These transactions reflect routine equity compensation and associated tax management rather than a large discretionary portfolio shift.

Q: How many MAA shares did Amber Fairbanks sell and at what price?

Amber Fairbanks sold 711 MAA common shares at $124.73 per share. The sale was executed under a Rule 10b5-1 trading plan and was described as helping cover additional tax obligations from previously earned restricted stock vesting.

Q: What stock compensation did Amber Fairbanks receive from MAA in this period?

She received a grant of 1,947 MAA common shares at no cost. The filing states these shares were earned and issued under a prior year restricted stock plan, representing part of her ongoing equity-based compensation as an executive.

Q: Why were some MAA shares withheld from Amber Fairbanks for taxes?

The filing notes a disposition of 284 shares at $122.55 per share to cover tax liabilities. These shares were withheld in connection with the vesting of restricted stock previously earned, a common method companies use to satisfy employee tax obligations.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

MID AMERICA APARTMENT COMMUNITIES EVP Amber Fairbanks reported compensation-related stock activity, including a small open-market sale. On April 1, 2026, she received a grant of 1,947 shares of common stock at no cost, tied to a prior year restricted stock plan.

On the same date, 284 shares were disposed of at $122.55 per share to cover taxes due on the vesting. On April 6, 2026, she executed an open-market sale of 711 shares at $124.73 per share under a pre-arranged Rule 10b5-1 trading plan to meet additional tax obligations. After these transactions, she directly owned 4,471 common shares.

Insider Trade Summary 10b5-1

Net Seller: 711 shares ($88,683)

Net Sell 3 txns

Insider Fairbanks Amber

Role EVP, Property Management

Sold 711 shs ($89K)

Type	Security	Shares	Price	Value
Sale	Common Stock	711	$124.73	$89K
Grant/Award	Common Stock	1,947	$0.00	--
Tax Withholding	Common Stock	284	$122.55	$35K

Holdings After Transaction: Common Stock — 4,471 shares (Direct)

Footnotes (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.

Key Figures

Restricted stock grant: 1,947 shares Tax withholding shares: 284 shares Open-market sale: 711 shares +1 more

4 metrics

Restricted stock grant 1,947 shares Common stock awarded on April 1, 2026

Tax withholding shares 284 shares Disposed at $122.55 per share for taxes on April 1, 2026

Open-market sale 711 shares Sold at $124.73 per share on April 6, 2026

Shares owned after transactions 4,471 shares Direct MAA common stock holdings following reported trades

Key Terms

Rule 10b5-1, restricted stock plan, open market sale, tax-withholding disposition

4 terms

Rule 10b5-1 regulatory

"Open market sale pursuant to a 10b5-1 plan adopted by the Reporting Person"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

restricted stock plan financial

"shares earned and issued under a prior year restricted stock plan"

open market sale financial

"Open market sale pursuant to a 10b5-1 plan adopted by the Reporting Person"

An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.

tax-withholding disposition financial

"Disposals are being withheld to cover taxes related to vesting"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

04/06/2026 - 04:29 PM

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^*

Fairbanks Amber

(Last)

(First)

(Middle)

6815 POPLAR AVE

SUITE 500

(Street)

GERMANTOWN

TENNESSEE

38138

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026		A		1,947	A	$0	5,466	D
Common Stock	04/01/2026		F⁽¹⁾		284	D	$122.55	5,182	D
Common Stock	04/06/2026		S⁽²⁾		711	D	$124.73	4,471	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	04/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did MAA executive Amber Fairbanks report in this Form 4 filing?

Amber Fairbanks, EVP of Property Management at MAA, reported a restricted stock grant, tax-related share withholding, and a small open-market sale. These transactions reflect routine equity compensation and associated tax management rather than a large discretionary portfolio shift.

How many MAA shares did Amber Fairbanks sell and at what price?

Amber Fairbanks sold 711 MAA common shares at $124.73 per share. The sale was executed under a Rule 10b5-1 trading plan and was described as helping cover additional tax obligations from previously earned restricted stock vesting.

What stock compensation did Amber Fairbanks receive from MAA in this period?

She received a grant of 1,947 MAA common shares at no cost. The filing states these shares were earned and issued under a prior year restricted stock plan, representing part of her ongoing equity-based compensation as an executive.

Why were some MAA shares withheld from Amber Fairbanks for taxes?

The filing notes a disposition of 284 shares at $122.55 per share to cover tax liabilities. These shares were withheld in connection with the vesting of restricted stock previously earned, a common method companies use to satisfy employee tax obligations.

How many MAA shares does Amber Fairbanks hold after these transactions?

Following the reported grant, tax withholding, and sale, Amber Fairbanks directly owns 4,471 shares of MAA common stock. This figure reflects her remaining equity stake after all transactions described in the Form 4 were completed.