STOCKERT DAVID P 4

What Happened David P. Stockert, a director of Mid America Apartment Communities, received an award of 1,401 phantom shares (derivative securities) on May 19, 2026. The award is reported at an imputed price of $128.47 per share, for a total reported value of $179,986. This filing records an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-19; reported on Form 4 filed 2026-05-20 (timely filing).
• Award: 1,401 phantom shares at $128.47 each; total value $179,986 (derivative).
• Transaction code: A (award/grant/other acquisition).
• Shares owned after the transaction: Not disclosed in this filing.
• Footnote: Each phantom share equals the economic equivalent of one common share and is payable in two equal annual installments beginning within 90 days after the calendar year in which the director ceases service; payment can be in cash or common stock at the reporting person’s election.

Context This is a director compensation award in the form of phantom stock (a deferred/derivative payment), which generally represents future economic entitlement rather than immediate common shares with voting rights. Director awards are common as part of board compensation and do not necessarily signal the director buying or selling stock in the open market.