Macerich director granted 6,720 restricted shares
HERNANDEZ ENRIQUE JR reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,720 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- 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 1,818 previously unreported restricted stock units that have been credited as dividend equivalents under the deferral feature of the 2003 Plan.
- F3. Represents shares held by the reporting person as of the filing date of this report, as corrected for a prior clerical error.
Key Figures
Key Terms
restricted stock units financial
2003 Equity Incentive Plan financial
non-cash compensation financial
dividend equivalents financial
deferral feature financial
Living Trust financial
FAQ
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What insider transaction did MAC (Macerich Co) director Enrique Hernandez Jr report?
Is the Enrique Hernandez Jr Form 4 transaction for MAC a stock purchase or compensation grant?
What are the terms of the MACERICH CO restricted stock units granted to Enrique Hernandez Jr?
What does the Form 4 say about dividend equivalents on MAC restricted stock units?
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