MAA Director Edith Kelly-Green Receives Phantom Stock Award

Transaction Overview

On September 22, 2026, Edith Kelly-Green, a director of Mid America Apartment Communities Inc. ($MAA), acquired 223 shares of Phantom Stock at a stated value of $119.15 per share, totaling approximately $26,570.45.

Terms and Footnotes

According to the filing, each share of phantom stock represents the economic equivalent of one share of MAA common stock. The phantom stock is payable in two equal annual installments starting within 90 days following the calendar year in which the director terminates service on the board, payable in cash or common stock at the director's election.

Holdings Summary

Following the grant, Edith Kelly-Green holds 10,494.453 shares of phantom stock directly. Direct ownership of common stock remains at 0 shares.

Significance Assessment

This transaction carries Low market significance as it represents standard director equity compensation rather than an open-market discretionary purchase or sale.