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Mid America Apartment Communities Executive Compensation (FY25)

MAA · Germantown, TN · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 20, 2026
307 figures on this page: 297 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
H. Eric Bolton, Jr. was paid $5,874,989 in total compensation as Executive Chairman and Past Chief Executive Officer for fiscal 2025, and the company reported a chief executive pay ratio of 84:1 for fiscal 2025, against median employee compensation of $65,112. Shareholders supported the say-on-pay proposal with 92.2% of votes cast for or against in favor at the meeting held May 19, 2026 for fiscal 2025. Companies named in the disclosed peer group include American Homes 4 Rent, AvalonBay Communities, Inc., BXP, Inc. (formerly Boston Properties, Inc.), Camden Property Trust and Equity LifeStyle Properties, Inc., among others. The company reported 6 named executive officers for fiscal 2025.
Chief executive, fiscal 2025
◇
H. Eric Bolton, Jr.
Median of the other named officers
$2,284,086
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 19, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — H. Eric Bolton, Jr.: $8,445,660 → $5,874,989 (30.4% lower)
Say-on-pay support: 90.5% → 92.2% (1.7 points higher)
CEO pay ratio: 143:1 → 84:1 (41.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Mid America Apartment Communities' chief executive and what were they paid?
H. Eric Bolton, Jr. was paid $5,874,989 in total compensation as Executive Chairman and Past Chief Executive Officer for fiscal 2025. Compared with the $8,445,660 reported for fiscal 2024, Bolton, Jr.'s total was 30.4% lower.
What was Mid America Apartment Communities' say-on-pay result?
Shareholders supported the say-on-pay proposal with 92.2% of votes cast for or against in favor at the meeting held May 19, 2026 for fiscal 2025.
Which companies are in Mid America Apartment Communities' peer group?
Companies named in the disclosed peer group include American Homes 4 Rent, AvalonBay Communities, Inc., BXP, Inc. (formerly Boston Properties, Inc.), Camden Property Trust and Equity LifeStyle Properties, Inc., among others.
What is Mid America Apartment Communities' chief executive pay ratio?
The company reported a chief executive pay ratio of 84:1 for fiscal 2025, against median employee compensation of $65,112.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
H. Eric Bolton
Chairman of the Board and Chief Executive Officer
◇◇◇—◇—◇◇
Albert Campbell
Former EVP and CFO
Departed during or after this year
◇◇◇—◇—◇◇
Robert DelPriore
Executive Vice President, Chief Administrative Officer, General Counsel
◇◇◇—◇—◇◇
A. Bradley Hill
President and Chief Investment Officer
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
H. Eric Bolton
Chairman of the Board and Chief Executive Officer
◇◇◇—◇—◇◇
Albert Campbell
Former EVP and CFO
Departed during or after this year
◇◇◇—◇—◇◇
Robert DelPriore
Executive Vice President, Chief Administrative Officer, General Counsel
◇◇◇—◇—◇◇
A. Bradley Hill
President and Chief Investment Officer
◇◇◇—◇—◇◇
Timothy Argo
Executive Vice President, Chief Strategy Officer
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
H. Eric Bolton
Chairman of the Board and Chief Executive Officer
◇◇◇—◇—◇◇
A. Bradley Hill
President and Chief Executive Officer
◇◇◇—◇—◇◇
Robert DelPriore
Executive Vice President, Chief Administrative Officer, General Counsel
◇◇◇—◇—◇◇
Andrew Holder
Chief Financial Officer
◇◇◇—◇—◇◇
Timothy Argo
Executive Vice President, Chief Strategy Officer
◇◇◇—◇—◇◇
Albert Campbell
Former EVP and CFO
Departed during or after this year
◇———◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
H. Eric Bolton, Jr.
Executive Chairman and Past Chief Executive Officer
◇—◇—◇—◇◇
A. Bradley Hill
Chief Executive Officer and President
◇◇◇—◇—◇◇
Robert DelPriore
EVP, Chief Administrative Officer and General Counsel
◇◇◇—◇—◇◇
Andrew Holder
EVP, Chief Financial Officer
◇◇◇—◇—◇◇
Timothy Argo
EVP, Chief Strategy & Analysis Officer
◇◇◇—◇—◇◇
Amber Fairbanks
EVP, Property Management
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
BoltonPSU◇◇◇—◇—◇
CSAO FairbanksPSU◇◇◇—◇—◇
CSAO FairbanksPSU◇◇◇—◇—◇
DelPriorePSU◇◇◇—◇—◇
DelPriorePSU◇◇◇—◇—◇
HolderPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Amber FairbanksRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Timothy ArgoRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Robert DelPrioreRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Andrew HolderRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A. Bradley HillRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
H. Eric Bolton, Jr.RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
W. Reid Sanders
—————◇◇
Alan B. Graf, Jr
Lead independent director
◇◇———◇◇
Deborah H. Caplan
◇◇———◇◇
Tamara Fischer
◇◇———◇◇
Edith Kelly-Green
◇◇———◇◇
Sheila K. McGrath
◇◇———◇◇
John P. Case
◇◇———◇◇
David P. Stockert
◇◇———◇◇
Thomas H. Lowder
◇————◇◇
James K. Lowder
◇————◇◇
H. Eric Bolton, Jr and A. Bradley Hill served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Homes 4 Rent AMH
  • AvalonBay Communities, Inc. AVB
  • BXP, Inc. (formerly Boston Properties, Inc.) BXP
  • Camden Property Trust CPT
  • Equity LifeStyle Properties, Inc. ELS
  • Equity Residential EQR
  • Essex Property Trust, Inc. ESS
  • Extra Space Storage, Inc. EXR
  • Invitation Homes Inc. INVH
  • Kimco Realty Corporation KIM
  • Public Storage PSA
  • Sun Communities, Inc. SUI
  • UDR, Inc. UDR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 19, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 21, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 18, 2021=◇◇◇
2019May 19, 2020=◇◇◇
2018May 21, 2019=◇◇◇
2017May 22, 2018=◇◇◇
2016May 23, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Mid America Apartment Communities disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Mid America Apartment Communities sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
307 figures on this page: 297 cited to the filing that reported them, 10 calculated from figures it prints.
297 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001193125-26-232618
  2. 0001140361-26-013212
    CEO Pay Ratio · DIRECTOR COMPENSATION TABLE · GRANTS OF PLAN-BASED AWARDS · Grants of Plan-Based Awards · and 3 more sections
  3. 0000950170-25-075777
  4. 0001140361-25-011461
    SUMMARY COMPENSATION TABLE
  5. 0000950170-24-063619
  6. 0001140361-24-018668
    SUMMARY COMPENSATION TABLE
  7. 0000950170-23-022722
  8. 0001140361-23-015626
    SUMMARY COMPENSATION TABLE
  9. 0000950170-22-010296
  10. 0001564590-21-028871
  11. 0001564590-20-026578
  12. 0000912595-19-000027
  13. 0000912595-18-000030
  14. 0001144204-17-029111
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Velarion, “Mid America Apartment Communities executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MAA (accessed 2026).
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Mid America Apartment Communities discloses

The companies named in MAA's own disclosed peer group.

American Homes 4 RentAvalonBay Communities, Inc.BXP, Inc. (formerly Boston Properties, Inc.)Camden Property TrustEquity LifeStyle Properties, Inc.Equity ResidentialEssex Property Trust, Inc.Extra Space Storage, Inc.Invitation Homes Inc.Kimco Realty CorporationPublic StorageSun Communities, Inc.UDR, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy