MID AMERICA APARTMENT COMMUNITIES INC.
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 30, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Purchases of Equity Securities
In December 2015, MAA’s Board of Directors authorized a 4 million share repurchase program. The following table summarizes all of MAA’s repurchases of shares of its common stock under this program during the three months ended March 31, 2026:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares That May Yet be Purchased Under the Plans or Programs (1) |
|---|---|---|---|---|
| Beginning Balance | 206,916 | $131.61 | 206,916 | 3,793,084 |
| January 1, 2026 - January 31, 2026 | — | $— | — | 3,793,084 |
| February 1, 2026 - February 28, 2026 | 258,276 | $130.98 | 258,276 | 3,534,808 |
| March 1, 2026 - March 31, 2026 | 299,489 | $130.02 | 299,489 | 3,235,319 |
| Balance as of March 31, 2026 | 764,681 | 764,681 | 3,235,319 |
(1)
This column reflects the number of shares of MAA’s common stock that are available for purchase under the 4.0 million share repurchase program authorized by MAA’s Board of Directors in December 2015.
During the three months ended March 31, 2026, certain of the Company’s employees surrendered shares of common stock owned by them to satisfy their statutory federal and state tax obligations associated with the vesting of restricted shares of common stock issued under our Long Term Incentive Plan (the “LTIP”). The following table summarizes all of these repurchases during the three months ended March 31, 2026:
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share (2) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares That May Yet be Purchased Under the Plans or Programs |
|---|---|---|---|---|
| January 1, 2026 - January 31, 2026 | 6,157 | $138.79 | N/A | N/A |
| February 1, 2026 - February 28, 2026 | — | $— | N/A | N/A |
| March 1, 2026 - March 31, 2026 | 32 | $133.86 | N/A | N/A |
| Total | 6,189 | |||
(1)
The shares reflected in this column are shares of MAA’s common stock surrendered by employees to satisfy their statutory minimum federal and state tax obligations associated with the vesting of restricted shares.
(2)
The price per share is based on the closing price of MAA’s common stock as of the date of determination of the statutory minimum for federal and state tax obligations.
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