MAA Director Edith Kelly Green Receives Phantom Stock Award

What Happened
Edith Kelly Green, a director of Mid America Apartment Communities, received a derivative award of 223 phantom shares on September 22, 2026. The award is valued at $119.15 per share, for a total reported value of $26,570. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-22; Filing date: 2026-09-23 (timely filing).
• Award: 223 phantom shares @ $119.15 each; total reported value $26,570.
• Transaction type: Derivative award (phantom stock) — coded "A" on the Form 4.
• Shares owned following the transaction: Not disclosed in the 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; payable in cash or common stock at the reporting person's election.

Context
Phantom stock is a form of director compensation that tracks the economic value of company shares but does not immediately transfer actual common stock. Such awards are common for non-employee directors and reflect compensation policy rather than an outright market purchase or sale; they do not necessarily indicate the director’s personal trading sentiment.