Equity award boosts LTIP units for Macerich (NYSE: MAC) CAO

Rhea-AI Filing Summary

Macerich Company reported that Chief Accounting Officer Christopher J. Zecchini received a grant of 11,043 LTIP Units as long-term incentive compensation at a stated price of $0.0000 per unit. Following this award, he holds 29,253 LTIP Units directly.

These LTIP Units represent limited partnership interests in The Macerich Partnership, L.P. that can convert into common partnership units, which may then be redeemed for cash equal to the fair market value of one common share or, at the issuer’s election, one share of common stock. The units vest in three equal installments on December 31, 2026, December 31, 2027, and December 31, 2028.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zecchini Christopher J

(Last) (First) (Middle)

401 WILSHIRE BLVD.

SUITE 700

(Street)

SANTA MONICA CA 90401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MACERICH CO [ MAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units	(1)	02/16/2026		A		11,043		(1)(2)	(1)	Common Stock	11,043	$0	29,253	D

Explanation of Responses:

1. Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

2. LTIP Units vest one-third on December 31, 2026, one-third on December 31, 2027 and one-third on December 31, 2028.

Remarks:

	Christopher J. Zecchini	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did MAC’s Christopher J. Zecchini report on this Form 4?

Christopher J. Zecchini reported acquiring 11,043 LTIP Units as long-term incentive compensation. These units are derivative securities tied to Macerich’s operating partnership and increase his total LTIP Unit holdings to 29,253 directly owned units after the reported grant.

What are LTIP Units granted to the MAC Chief Accounting Officer?

The LTIP Units are limited partnership interests in The Macerich Partnership, L.P. They are issued as equity-based long-term incentive compensation and can later convert into common partnership units, which may be redeemed for cash or, at the issuer’s election, exchanged for Macerich common stock.

When do Christopher J. Zecchini’s new MAC LTIP Units vest?

The LTIP Units vest over three years. One-third vests on December 31, 2026, another third on December 31, 2027, and the final third on December 31, 2028, subject to minimum capital account allocations and the time-based vesting conditions described.

How can the MAC LTIP Units reported on this Form 4 be converted or redeemed?

Each LTIP Unit may convert into a common partnership unit once conditions are met. Each common unit can then be presented for redemption for cash equal to the fair market value of one Macerich common share, or one share of common stock at the issuer’s election.

How many LTIP Units does MAC’s Chief Accounting Officer own after this award?

After the reported grant of 11,043 LTIP Units, Christopher J. Zecchini directly holds a total of 29,253 LTIP Units. This figure reflects his beneficial ownership of these derivative securities immediately following the transaction reported in the Form 4 filing.