Macerich (NYSE: MAC) director Enrique Hernandez Jr granted 6,720 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HERNANDEZ ENRIQUE JR reported acquisition or exercise transactions in this Form 4 filing.
MACERICH CO director Enrique Hernandez Jr reported a compensation-related stock award. He received 6,720 shares of Common Stock as a grant of restricted stock units at a price of $0.0000 per share under The Macerich Company 2003 Equity Incentive Plan.
The award is non-cash compensation and the restricted stock units vest one year after the award date. The filing notes 1,818 previously unreported restricted stock units credited as dividend equivalents under the plan’s deferral feature. Following the grant, Hernandez directly holds 71,444 shares and indirectly holds 18,416 shares through a living trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HERNANDEZ ENRIQUE JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,720 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 71,444 shares (Direct, null);
Common Stock — 18,416 shares (Indirect, Living Trust)
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 1,818 previously unreported restricted stock units that have been credited as dividend equivalents under the deferral feature of the 2003 Plan. Represents shares held by the reporting person as of the filing date of this report, as corrected for a prior clerical error.
Key Figures
RSU grant: 6,720 shares
Grant price: $0.0000 per share
Direct holdings after grant: 71,444 shares
+3 more
6 metrics
RSU grant
6,720 shares
Restricted stock units awarded at $0.0000 per share
Grant price
$0.0000 per share
Non-cash compensation under 2003 Equity Incentive Plan
Direct holdings after grant
71,444 shares
Common Stock held directly by Enrique Hernandez Jr after transaction
Indirect holdings
18,416 shares
Common Stock held indirectly through a living trust
Dividend equivalent RSUs
1,818 units
Previously unreported RSUs credited as dividend equivalents
Vesting period
One year
Restricted stock units vest one year after award date
Key Terms
restricted stock units, 2003 Equity Incentive Plan, non-cash compensation, dividend equivalents, +2 more
6 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.
2003 Equity Incentive Plan financial
"Award of restricted stock units under The Macerich Company 2003 Equity Incentive Plan ("2003 Plan")"
non-cash compensation financial
"Non-cash compensation - Award of restricted stock units under The Macerich Company 2003 Equity Incentive Plan"
dividend equivalents financial
"Includes 1,818 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.
deferral feature financial
"credited as dividend equivalents under the deferral feature of the 2003 Plan"
Living Trust financial
"Common Stock indirect ownership reported as Living Trust"
FAQ
What insider transaction did MAC (Macerich Co) director Enrique Hernandez Jr report?
Enrique Hernandez Jr reported receiving a grant of 6,720 restricted stock units of MACERICH CO Common Stock as non-cash compensation. The units were awarded at $0.0000 per share under the 2003 Equity Incentive Plan and vest one year after the award date.
Is the Enrique Hernandez Jr Form 4 transaction for MAC a stock purchase or compensation grant?
The Form 4 transaction for Enrique Hernandez Jr is a compensation grant, not an open-market purchase. He received 6,720 restricted stock units as non-cash compensation under MACERICH CO’s 2003 Equity Incentive Plan, with vesting scheduled one year after the award date.
What are the terms of the MACERICH CO restricted stock units granted to Enrique Hernandez Jr?
The restricted stock units are a non-cash award of 6,720 MACERICH CO shares at $0.0000 per share. Granted under the 2003 Equity Incentive Plan, they vest one year after the award date, aligning compensation with continued board service over that period.
What does the Form 4 say about dividend equivalents on MAC restricted stock units?
The filing notes that 1,818 previously unreported restricted stock units were credited as dividend equivalents under the deferral feature of MACERICH CO’s 2003 Equity Incentive Plan. Dividend equivalents increase the number of units to reflect dividends that would have been paid on underlying shares.