Macerich (NYSE: MAC) director receives 9,520 restricted stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hash Steve reported acquisition or exercise transactions in this Form 4 filing.
MACERICH CO director Steve Hash received a grant of 9,520 shares of Common Stock as restricted stock units, awarded as non-cash compensation under The Macerich Company 2003 Equity Incentive Plan.
The restricted stock units vest one year after the award date. Following this grant and prior credited units, Hash now holds 156,153 shares directly, including 4,876 restricted stock units credited as dividend equivalents under the plan’s deferral feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hash Steve
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,520 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 156,153 shares (Direct, null)
Footnotes (1)
- 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. Includes 4,876 previously unreported restricted stock units that have been credited as dividend equivalents under the deferral feature of the 2003 Plan.
Key Figures
RSU grant size: 9,520 shares
Grant price: $0.0000 per share
Holdings after transaction: 156,153 shares
+1 more
4 metrics
RSU grant size
9,520 shares
Restricted stock units awarded as non-cash compensation
Grant price
$0.0000 per share
Non-cash equity award under 2003 Equity Incentive Plan
Holdings after transaction
156,153 shares
Total Common Stock held directly after Form 4 transaction
Dividend-equivalent RSUs
4,876 units
Previously unreported units credited as dividend equivalents
Key Terms
restricted stock units, dividend equivalents, Equity Incentive Plan
3 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.
dividend equivalents financial
"Includes 4,876 previously unreported restricted stock units that have been credited as dividend equivalents under the deferral feature"
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.
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.
FAQ
What did MAC (Macerich Co) director Steve Hash report in this Form 4?
Steve Hash reported receiving 9,520 restricted stock units of MACERICH CO Common Stock as non-cash compensation. The award was made under The Macerich Company 2003 Equity Incentive Plan and increases his direct holdings to 156,153 shares after the transaction.
When do Steve Hash’s new MAC restricted stock units vest?
The newly awarded MAC restricted stock units to Steve Hash vest one year after the award date. Vesting means the units become fully earned and no longer subject to forfeiture, consistent with the terms of The Macerich Company 2003 Equity Incentive Plan.
What are the 4,876 previously unreported MAC restricted stock units mentioned?
The 4,876 previously unreported restricted stock units are additional MAC units credited to Steve Hash as dividend equivalents. They arose under the deferral feature of The Macerich Company 2003 Equity Incentive Plan and are now included in his total reported holdings.