BOLTON H ERIC JR 4

What Happened
H. Eric Bolton Jr, President, CEO and a director of Mid-America Apartment Communities (MAA), received an award of 12,231 shares on 2026-04-01 (reported on Form 4). Simultaneously 5,705 shares were withheld at an effective price of $122.55 per share to cover taxes, a withholding value of approximately $699,148. Net shares added to his holding from this vesting = 12,231 − 5,705 = 6,526 shares. The award was issued at $0.00 per share (restricted stock vesting), not a market purchase.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-06.
• Award: 12,231 shares @ $0.00 (code A).
• Tax withholding: 5,705 shares withheld @ $122.55 = $699,148 (code F).
• Net shares retained from vesting: 6,526 shares.
• Footnote: Withheld shares were used to cover taxes related to vesting under a prior-year restricted stock plan.
• Shares owned after the transaction: not specified in this filing.
• Filing timeliness: Form filed Apr 6 for Apr 1 transactions; SEC Form 4 is normally due within 2 business days, so this filing appears to be outside that window.

Context
This was a routine restricted stock vesting event with tax-withholding (cashless share withholding), not an open-market sale or purchase. Tax-withholding disposals (code F) are common when restricted shares vest and do not necessarily indicate a change in the insider’s view of the company.