KELLY GREEN EDITH 4

What Happened Kelly Green Edith, a director of Mid America Apartment Communities, Inc. (MAA), was granted 207 shares of phantom stock (derivative award) on March 17, 2026. The award is reported at a per-share value of $128.07, for a total reported value of approximately $26,510. This was an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-17; 207 phantom shares at $128.07 per share (total ≈ $26,510).
• Transaction type: Award/Grant (derivative phantom stock), not an actual issuance of common shares at grant.
• Shares owned after transaction: Not specified in this filing.
• Footnote: Each phantom share equals the economic equivalent of one common share; payout is in two equal annual installments beginning within 90 days after the reporting person ceases director service, payable in cash or common stock at the election of the reporting person.
• Filing timeliness: Filed 2026-03-18 for a 2026-03-17 transaction (timely).

Context Phantom stock is a deferred/derivative compensation vehicle that provides economic exposure to the company’s common stock without immediate share issuance; the award will be paid later (in cash or stock) per the footnote schedule. Awards to directors are a routine form of compensation and do not by themselves indicate a buy or sell sentiment from the insider.