Argo Timothy 4

What Happened Timothy Argo, EVP, Chief Strategy & Analysis of Mid America Apartment Communities, was issued 2,637 shares as an award on April 1, 2026 (acquired at $0.00). To cover tax withholding on the vesting, 298 shares were withheld/disposed on April 1, 2026 at $122.55 per share (proceeds $36,520). Separately, 183 shares were sold in the open market on April 6, 2026 at $124.73 per share (proceeds $22,826). Total proceeds from the two disposals were $59,346. These transactions reflect an award issuance combined with routine sales to satisfy tax obligations and a pre‑arranged selling plan.

Key Details

• Transaction dates and prices:
  • 2026-04-01: Award of 2,637 shares @ $0.00 (acquisition)
  • 2026-04-01: 298 shares withheld/disposed for taxes @ $122.55 (proceeds $36,520) (F)
  • 2026-04-06: 183 shares sold in open market @ $124.73 (proceeds $22,826) (S)
• Shares owned after the transactions: not specified in this filing.
• Footnotes:
  • F1: Shares were withheld to cover taxes related to vesting under a prior-year restricted stock plan.
  • F2: Open-market sale executed under a Rule 10b5-1 plan to meet additional tax obligations from prior vestings.
• Filing/timeliness: Report filed April 6, 2026 covering transactions on April 1 and April 6; the filing does not indicate a late-report flag.

Context The award is a restricted‑stock issuance (reported as acquisition at $0.00). The disposals were not discretionary market timing trades of newly purchased stock: one was tax withholding related to vesting (common), and the other was executed under a pre-established 10b5‑1 plan to meet additional tax liabilities. Such tax‑related disposals are routine and do not necessarily signal the insider’s view of the company’s prospects.