Carpenter Melanie 4

What Happened

• Melanie Carpenter, EVP & CHRO of Mid America Apartment Communities (MAA), had 1,439 restricted shares issued to her on April 1, 2026 (award, code A, value $0). To cover taxes on the vesting, 295 shares were withheld (code F) at $122.55 per share ($36,152). On April 6, she sold 731 shares in an open-market transaction (code S) for an average price of $124.78 per share ($91,214).
• These transactions reflect a vesting award plus routine tax-withholding and a preplanned sale — not a cash purchase (not a bullish buy).

Key Details

• Transaction dates & prices:
  • 2026-04-01: Award of 1,439 shares (acquired) at $0.00.
  • 2026-04-01: 295 shares withheld for taxes at $122.55 (disposed) (~$36,152).
  • 2026-04-06: 731 shares sold in market at an average $124.78 (disposed) (~$91,214). Sale price range reported $124.73–$124.885; detailed per-share prices available on request per footnote.
• Footnotes: Tax-withholding for vested restricted stock (F1); April 6 sale executed under a Rule 10b5-1 plan to meet additional tax obligations (F2); average sale price disclosed with range (F3).
• Shares owned after the transactions: not specified in the provided Form 4 excerpt.
• Filing timeliness: Form filed April 6, 2026 for April 1, 2026 transactions — appears later than the typical two-business-day Form 4 deadline.

Context

• This was a restricted stock vesting (award) with shares withheld for taxes and a preplanned (10b5-1) sale to cover additional tax liabilities. Tax-withholding disposals and 10b5-1 sales are routine and do not necessarily signal a change in insider sentiment.