Macerich (MAC) director adds 6,229.69 phantom stock units in Form 4
Rhea-AI Filing Summary
Macerich Company director Enrique Hernandez Jr. reported a transaction in derivative securities tied to the company’s common stock. On 01/01/2026, he acquired 6,229.69 phantom stock units, each convertible on a 1-for-1 basis into Macerich common stock. These units were acquired at a reported price of $0 under the company’s plan.
After this transaction, Hernandez beneficially owned 33,932.48 phantom stock units. The filing notes that the shares attributable to these phantom stock units generally first become distributable on the January 1 following the date his service terminates, based on an earlier election under the plan terms. The total includes 808.82 previously unreported phantom stock units that accrued through the plan’s dividend reinvestment feature.
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FAQ
What insider transaction did Macerich (MAC) report for Enrique Hernandez Jr.?
The filing reports that director Enrique Hernandez Jr. acquired 6,229.69 phantom stock units linked to Macerich common stock on 01/01/2026 at a reported price of $0 under the company’s plan.
How many Macerich (MAC) phantom stock units does Enrique Hernandez Jr. now beneficially own?
Following the reported transaction, Enrique Hernandez Jr. beneficially owned 33,932.48 phantom stock units tied to Macerich common stock.
What are the key terms of the Macerich (MAC) phantom stock units reported?
The phantom stock units are convertible on a 1-for-1 basis into Macerich common stock. They generally first become distributable on the January 1 following the date of termination of service, according to a prior election under the plan.
Does the Macerich (MAC) filing mention dividend-related accruals on phantom stock units?
Yes. The total reported includes 808.82 previously unreported phantom stock units that accrued under the dividend reinvestment feature of the plan.
What is the relationship of the reporting person to Macerich (MAC)?
The reporting person, Enrique Hernandez Jr., is identified in the filing as a Director of Macerich Company.
When is the earliest transaction date disclosed in this Macerich (MAC) Form 4?
The earliest transaction date disclosed for the reported phantom stock unit acquisition is 01/01/2026.