Mid-America Apartment Communities (MAA) Proxy filing summary

Executive summary

• The 2026 Annual Meeting will be held virtually on May 19, 2026, with shareholders able to vote and ask questions online.

• Two directors, Claude B. Nielsen and Gary S. Shorb, will retire due to the mandatory age policy, reducing the Board to nine members.

• The Board believes a nine-member structure balances expertise, diversity, and efficiency.

• Shareholders are encouraged to vote in advance, and all proxy materials are available online.

Voting matters and shareholder proposals

• Shareholders will vote on electing nine director nominees, an advisory say-on-pay vote for executive compensation, and ratification of Ernst & Young LLP as the independent auditor for 2026.

• Proxy access allows shareholders or groups owning at least 3% of shares for three years to nominate up to 20% of the Board.

• Shareholder engagement included ten investor conferences, six roadshows, and over 700 points of contact in 2025.

Board of directors and corporate governance

• The Board is composed of 78% independent directors, with diversity in gender and race.

• Separate CEO and Chairman roles are maintained, with a Lead Independent Director providing oversight.

• Four standing committees: Audit, Compensation, Nominating and Corporate Governance, and Real Estate Investment.

• Mandatory retirement age is 75, and directors must meet share ownership requirements.

• Annual Board and committee performance evaluations are conducted anonymously.