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. | 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. | 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.
McGrath Sheila K.
Director·Direct
Common Stock
Shares0
Price-
Total Value$0
Shares Owned After0
Post-Transaction Holdings
McGrath Sheila K.
Security
Shares
Change
Common Stock
0
-
Phantom Stock
3.42K
+1.40K (69.22%)
Original SEC Filing Textexpand_more
=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-19
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: MID AMERICA APARTMENT COMMUNITIES INC. (MAA)
CIK: 0000912595
--- Reporting Owner ---
Name: McGrath Sheila K.
CIK: 0001961416
Role: Director
--- Derivative Transactions ---
[Transaction #1]
Security: Phantom Stock
Date: 2026-05-19 | Code: A (Grant or award)
Shares: +1,401 | Price: $128.47
Shares Owned After: 3,424.919 | Ownership: D (Direct)
Footnotes:
[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.
[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.
[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.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: D (Direct)
--- Footnotes (Complete Index) ---
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.
--- Signature ---
/s/ /s/ Kellye Clouse (2026-05-20)
