Mid-America Apartment Communities Management

Management criteria checks 3/4

Mid-America Apartment Communities' CEO is H. Bolton, appointed in Dec 1996, has a tenure of 26.67 years. total yearly compensation is $8.37M, comprised of 10.5% salary and 89.5% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth MX$771.64M. The average tenure of the management team and the board of directors is 7.1 years and 9.8 years respectively.

Key information

H. Bolton

Chief executive officer

US$8.4m

Total compensation

CEO salary percentage	10.5%
CEO tenure	26.7yrs
CEO ownership	0.3%
Management average tenure	7.1yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has H. Bolton's remuneration changed compared to Mid-America Apartment Communities's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	n/a	n/a	US$594m
Mar 31 2023	n/a	n/a	US$658m
Dec 31 2022	US$8m	US$880k	US$633m
Sep 30 2022	n/a	n/a	US$625m
Jun 30 2022	n/a	n/a	US$587m
Mar 31 2022	n/a	n/a	US$593m
Dec 31 2021	US$8m	US$855k	US$530m
Sep 30 2021	n/a	n/a	US$427m
Jun 30 2021	n/a	n/a	US$403m
Mar 31 2021	n/a	n/a	US$261m
Dec 31 2020	US$5m	US$837k	US$251m
Sep 30 2020	n/a	n/a	US$317m
Jun 30 2020	n/a	n/a	US$336m
Mar 31 2020	n/a	n/a	US$323m
Dec 31 2019	US$6m	US$813k	US$350m
Sep 30 2019	n/a	n/a	US$261m
Jun 30 2019	n/a	n/a	US$236m
Mar 31 2019	n/a	n/a	US$234m
Dec 31 2018	US$5m	US$775k	US$219m
Sep 30 2018	n/a	n/a	US$281m
Jun 30 2018	n/a	n/a	US$343m
Mar 31 2018	n/a	n/a	US$331m
Dec 31 2017	US$7m	US$704k	US$324m
Sep 30 2017	n/a	n/a	US$241m
Jun 30 2017	n/a	n/a	US$211m
Mar 31 2017	n/a	n/a	US$209m
Dec 31 2016	US$4m	US$640k	US$211m

Compensation vs Market: H.'s total compensation ($USD8.37M) is above average for companies of similar size in the MX market ($USD5.70M).

Compensation vs Earnings: H.'s compensation has been consistent with company performance over the past year.

CEO

H. Bolton (66 yo)

26.7yrs

Tenure

US$8,369,017

Compensation

Mr. H. Eric Bolton, Jr., has been the Chief Executive Officer at Mid-America Apartment Communities, Inc. since October 2001; Chairman since September 2002 and President since December 1996. Mr. Bolton join...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
H. Bolton	Chairman	26.7yrs	US$8.37m	0.27% $ 771.6m
Albert Campbell	Executive VP & CFO	13.6yrs	US$3.30m	0.065% $ 189.4m
Adrian Hill	Executive VP & Chief Investment Officer	1.7yrs	US$2.04m	0.027% $ 77.1m
Robert DelPriore	Executive VP	10yrs	US$3.29m	0.045% $ 130.7m
A. Holder	Senior VP & Chief Accounting Officer	6.6yrs	no data	no data
Joseph Fracchia	Executive VP	1.7yrs	no data	no data
Jennifer Patrick	Investor Relations Contact	15.4yrs	no data	no data
Leslie Bratten Wolfgang	Senior VP	no data	no data	no data
Warren Davis	Senior Vice President of Revenue	1.6yrs	no data	no data
David Ward	Executive VP & Director of Development	no data	no data	no data
Melanie Carpenter	Executive VP & Chief Human Resources Officer	7.6yrs	US$839.64k	0.015% $ 43.6m
Kevin Perkins	Senior Vice President of Physical Assets	6.3yrs	no data	no data

7.1yrs

Average Tenure

55yo

Average Age

Experienced Management: MAA *'s management team is seasoned and experienced (7.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
H. Bolton	Chairman	26.5yrs	US$8.37m	0.27% $ 771.6m
Alan Graf	Lead Independent Director	21.2yrs	US$283.94k	0.0096% $ 27.8m
Tamara Fischer	Independent Director	less than a year	no data	no data
Thomas Lowder	Independent Director	9.8yrs	US$247.69k	0.032% $ 94.0m
James Lowder	Independent Director	9.8yrs	US$246.19k	0.010% $ 29.0m
Claude Nielsen	Independent Director	9.8yrs	US$255.19k	0.010% $ 30.1m
Toni Jennings	Independent Director	6.7yrs	US$247.44k	0.0097% $ 28.0m
David Stockert	Independent Director	6.7yrs	US$242.57k	0.087% $ 251.9m
William Sanders	Independent Director	13.4yrs	US$241.44k	0.036% $ 104.4m
Edith Kelly-Green	Independent Director	2.9yrs	US$241.44k	0% $ 0
Gary Shorb	Independent Director	11.3yrs	US$248.69k	0.0041% $ 11.9m
Deborah Caplan	Independent Director	less than a year	no data	0.0014% $ 4.0m

9.8yrs

Average Tenure

71yo

Average Age

Experienced Board: MAA *'s board of directors are considered experienced (9.8 years average tenure).

Mid-America Apartment Communities Management

Management criteria checks 3/4

Key information

Recent management updates

Mid-America Apartment Communities, Inc., Annual General Meeting, May 21, 2024

Mid-America Apartment Communities, Inc. Appoints A. Bradley Hill to President and Chief Investment Officer

Mid-America Apartment Communities, Inc. Announces Executive Changes, Effective March 31, 2024

Mid-America Apartment Communities, Inc. Announces Board Changes

Executive VP & Chief Investment Officer recently sold Mex$1.8m worth of stock

Independent Director recently sold Mex$3.0m worth of stock

Recent updates

Mid-America Apartment Communities, Inc Announces Quarterly Common Dividend, Payable on July 31, 2024

Mid-America Apartment Communities, Inc. Revises Earnings Guidance for the Year 2024

Mid-America Apartment Communities, Inc. to Report Q1, 2024 Results on May 01, 2024

Mid-America Apartment Communities, Inc., Annual General Meeting, May 21, 2024

Mid-America Apartment Communities, Inc. Approves Quarterly Dividend, Payable on April 30, 2024

Mid-America Apartment Communities, Inc. to Report Q4, 2023 Results on Feb 07, 2024

Mid-America Apartment Communities, Inc. Appoints A. Bradley Hill to President and Chief Investment Officer

Mid-America Apartment Communities, Inc. Revises Earnings Guidance for the Full Year 2023

Mid-America Apartment Communities, Inc. (NYSE:MAA) acquired 323-unit multifamily community located in the Phoenix, Arizona for approximately $100 million.

Mid-America Apartment Communities, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Mid-America Apartment Communities, Inc. Announces Executive Changes, Effective March 31, 2024

Mid-America Apartment Communities, Inc. Revises Earnings Guidance for the Year 2023

Mid-America Apartment Communities, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Mid-America Apartment Communities, Inc. Announces Board Changes

MAA Approves Quarterly Common Stock Dividend, Payable on July 31, 2023

Executive VP & Chief Investment Officer recently sold Mex$1.8m worth of stock

Full year 2022 earnings released: FFO per share: US$8.4 (vs US$7.44 in FY 2021)

Mid-America Apartment Communities, Inc. Provides Earnings Guidance for the Full Year 2023

Mid-America Apartment Communities, Inc. to Report Q4, 2022 Results on Feb 01, 2023

Upcoming dividend of US$1.40 per share

Independent Director recently sold Mex$3.0m worth of stock

Mid-America Apartment Communities, Inc. Approves Quarterly Dividend, Payable on January 31, 2023

Mid-America Apartment Communities, Inc. Announces the Resignation of Monica McGurk, a Member of the Board of Directors, Effective on December 31, 2022

Insufficient new directors

Now 21% undervalued after recent price drop

Third quarter 2022 earnings released: FFO per share: US$2.3 (vs US$1.92 in 3Q 2021)

Mid-America Apartment Communities, Inc. (NYSE:MAA) acquired 344-unit multifamily community located in the Charlotte, North Carolina for $140 million.

MAA Announces Management Changes

Upcoming dividend of US$1.25 per share

Mid-America Apartment Communities, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Mid-America Apartment Communities, Inc. Announces Quarterly Common Dividend, Payable on October 31, 2022

Insider recently sold Mex$5.1m worth of stock

Second quarter 2022 earnings released: EPS: US$1.82 (vs US$1.88 in 2Q 2021)

Mid-America Apartment Communities, Inc. (NYSE:MAA) acquired 196-Unit Multifamily Community Located in the Tampa, Florida for $73 million.

Insufficient new directors

Upcoming dividend of US$1.25 per share

Mid-America Apartment Communities, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Insufficient new directors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age