Fairbanks Amber 4

What Happened

• Amber Fairbanks, EVP, Property Management at Mid America Apartment Communities (MAA), was awarded 1,947 restricted shares on 2026-04-01 (grant value reported at $0.00). To cover tax obligations tied to vesting, 284 shares were withheld (reported value $34,804). Separately, Fairbanks sold 711 shares in an open-market transaction on 2026-04-06 for $124.73 each, totaling $88,683. Combined disposals reported equal approximately $123,487.
• The award (A) is an acquisition of restricted stock (not an open-market purchase). The disposals (F and S) are routine: one is a tax-withholding share surrender and the other an open-market sale.

Key Details

• Transaction dates and prices:
  • 2026-04-01: Award of 1,947 shares @ $0.00 (Acquired).
  • 2026-04-01: Tax-withholding: 284 shares @ $122.55 (Disposed) = $34,804. (F)
  • 2026-04-06: Open-market sale: 711 shares @ $124.73 (Disposed) = $88,683. (S)
• Combined shares disposed: 995 shares; combined reported value ≈ $123,487.
• Footnotes:
  • F1: The 284-share disposal was withholding to cover taxes from vested restricted stock.
  • F2: The 711-share sale was executed under a Rule 10b5-1 plan to meet additional tax obligations from prior restricted stock vestings.
• Shares owned after the transactions: not specified in the filing.
• Filing timeliness: Form filed 2026-04-06 for transactions beginning 2026-04-01. This appears to be later than the typical 2-business-day Form 4 deadline.

Context

• The award is restricted stock (grant), common for executive compensation. The tax-withholding surrender (F) is a standard, non-discretionary disposal to cover taxes and does not necessarily indicate a change in sentiment.
• The open-market sale was made under a pre-established 10b5-1 plan — an automated plan that allows scheduled selling and is typically viewed as routine rather than opportunistic trading.