H. Eric Bolton, Jr. has been the CEO of Mid-America Apartment Communities, Inc. (MAA) since 2001 and has been with the company since 1994. He first joined as Vice President of Development and quickly climbed the ranks to become Chief...

Number of Employees

2.43K

Year

2023

Total Compensation

$2.82M

Salary

$914.72K

Board Justification

The compensation philosophy aims to attract, retain, and motivate high-quality leadership while aligning executive compensation with company performance and shareholder interests.

Bonus

$1.74M

Board Justification

Short-term incentive compensation based on performance metrics including Core FFO per share and SS NOI Growth for 2023.

Other

$166.01K

Board Justification

Includes matching contributions made by MAA to the Executive Deferred Compensation Plan and 401(K) Plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

Core FFO per Share and Same Store NOI Growth metrics were used to determine the bonus for 2023.

SEC Filing

From April 8, 2024

H. Eric Bolton, Jr.

CEO of Mid-America Apartment Communities

M

Education

Field of Expertise

Real Estate & Construction - Real Estate

Born

Invalid Date - 0 years ago

Is Founder?

No

Current Tenure

18 years 10 months (Mar 2006 - Present)

Previous Experience

President and Chief Executive Officer of Mid-America Apartment Communities, Inc.