Macerich (MAC) director Andrea Stephen adds phantom stock, now holds 46,739.93 units

Rhea-AI Filing Summary

The Macerich Company director reports additional phantom stock units. Director Andrea M. Stephen filed a Form 4 showing an acquisition of 3,859.7 phantom stock units on 01/01/2026 at a price of $0 per unit under the company’s deferral plan. Each phantom stock unit is convertible into one share of Macerich common stock. Following this transaction, Stephen beneficially owns 46,739.93 phantom stock units. These units generally become distributable starting the January 1 following termination of service, in five equal annual installments, based on a prior election under the plan. The reported balance includes 1,660.06 previously unreported phantom stock units credited as dividend equivalents under the 2003 Plan’s deferral feature.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Stephen Andrea M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

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
Phantom Stock Units	(1)	01/01/2026		A		3,859.7		(2)	(2)	Common Stock	3,859.7	$0	46,739.93(3)	D

Explanation of Responses:

1. Convertible on a 1 for 1 basis.

2. The shares attributable to the phantom stock units generally first become distributable upon the January 1 following the date of termination of service in five equal installments pursuant to an earlier election in accordance with the Plan terms.

3. Includes 1,660.06 previously unreported phantom stock units that have been credited as dividend equivalents under the deferral feature of the 2003 Plan.

Remarks:

	Andrea M. Stephen	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did MAC director Andrea M. Stephen report?

Andrea M. Stephen reported acquiring 3,859.7 phantom stock units of The Macerich Company (MAC) on 01/01/2026 at a price of $0 per unit under a company plan.

How many Macerich phantom stock units does Andrea M. Stephen now beneficially own?

After the reported transaction, Andrea M. Stephen beneficially owns 46,739.93 phantom stock units linked to Macerich common stock.

What does each Macerich phantom stock unit represent for the reporting director?

Each phantom stock unit is convertible on a 1-for-1 basis into one share of Macerich common stock, according to the explanation of responses.

When do Andrea M. Stephen’s Macerich phantom stock units generally become distributable?

The phantom stock units generally first become distributable starting on January 1 following termination of service, in five equal installments, consistent with a prior election under the plan terms.

What are the previously unreported dividend equivalent units mentioned in the MAC Form 4?

The total includes 1,660.06 previously unreported phantom stock units that were credited as dividend equivalents under the deferral feature of Macerich’s 2003 Plan.

Is Andrea M. Stephen a 10% owner of The Macerich Company?

No. The filing identifies Andrea M. Stephen as a Director of The Macerich Company, and the 10% owner box is not checked.