Macerich director granted 6,720 restricted stock units
Murphy Devin Ignatius reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Murphy Devin Ignatius reported acquisition or exercise transactions in this Form 4 filing.
MACERICH CO director Devin Ignatius Murphy reported a stock-based compensation grant rather than a market purchase. He received 6,720 shares of common stock in the form of restricted stock units under The Macerich Company 2003 Equity Incentive Plan, at no cash cost, which vest one year after the award date. Following this grant, he holds 24,621 shares of common stock directly, including 414 previously unreported restricted stock units credited as dividend equivalents under the plan’s deferral feature.
Insider Trade Summary
Grant/Award: 6,720 shares
Grant/Award
1 txn
Insider
Murphy Devin Ignatius
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,720 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 24,621 shares (Direct)
Footnotes (2)
- F1. Non-cash compensation - Award of restricted stock units under The Macerich Company 2003 Equity Incentive Plan ("2003 Plan"). The restricted stock units vest one year after the award date.
- F2. Includes 414 previously unreported restricted stock units that have been credited as dividend equivalents under the deferral feature of the 2003 Plan.
Key Figures
RSUs granted: 6,720 shares
Price per share: $0.00 per share
Holdings after transaction: 24,621 shares
+2 more
5 metrics
RSUs granted
6,720 shares
Restricted stock units awarded on June 1, 2026
Price per share
$0.00 per share
Reported grant price for RSU award
Holdings after transaction
24,621 shares
Total direct common stock holdings after grant
Previously unreported RSUs
414 units
Dividend equivalent credits under 2003 Equity Incentive Plan
Vesting period
1 year
RSUs vest one year after the award date
Key Terms
restricted stock units, Equity Incentive Plan, dividend equivalents, non-cash compensation
4 terms
restricted stock units financial
"Non-cash compensation - Award of restricted stock units under The Macerich Company 2003 Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity Incentive Plan financial
"Award of restricted stock units under The Macerich Company 2003 Equity Incentive Plan ("2003 Plan")"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
dividend equivalents financial
"Includes 414 previously unreported restricted stock units that have been credited as dividend equivalents under the deferral feature of the 2003 Plan"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
non-cash compensation financial
"Non-cash compensation - Award of restricted stock units under The Macerich Company 2003 Equity Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MAC (Macerich Co) disclose for Devin Ignatius Murphy?
Macerich disclosed that director Devin Ignatius Murphy received 6,720 restricted stock units as non-cash compensation. The award was granted under The Macerich Company 2003 Equity Incentive Plan and is structured as stock-based pay rather than an open-market share purchase.
Was the June 1, 2026 MAC insider transaction a stock purchase or compensation grant?
The June 1, 2026 transaction was a compensation grant, not a market purchase. Murphy received 6,720 restricted stock units at a reported price of $0.00 per share under the 2003 Equity Incentive Plan, reflecting non-cash equity compensation that vests after one year.
When do Devin Ignatius Murphy’s newly granted MAC restricted stock units vest?
The newly granted restricted stock units vest one year after the award date. This means Murphy’s 6,720 units under The Macerich Company 2003 Equity Incentive Plan will become fully vested shares of common stock after a one-year service period, assuming standard plan conditions.
What does the footnote about 414 previously unreported MAC restricted stock units mean?
The footnote explains that 414 restricted stock units were previously unreported and credited as dividend equivalents. Under the 2003 Equity Incentive Plan’s deferral feature, dividend equivalents on deferred awards are paid in additional units, which increased Murphy’s reported restricted stock holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates