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Macerich (MAC) director receives 6,720 restricted stock units in equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Stephen Andrea M reported acquisition or exercise transactions in this Form 4 filing.

Macerich Company director Andrea M. Stephen received a non-cash equity award of 6,720 shares of Common Stock in the form of restricted stock units under The Macerich Company 2003 Equity Incentive Plan. These restricted stock units vest one year after the award date.

After this grant and the inclusion of 3,413 previously unreported restricted stock units credited as dividend equivalents under the plan’s deferral feature, Stephen’s direct holdings total 104,921 shares of Common Stock.

Positive

  • None.

Negative

  • None.
Insider Stephen Andrea M
Role null
Type Security Shares Price Value
Grant/Award Common Stock 6,720 $0.00 --
Holdings After Transaction: Common Stock — 104,921 shares (Direct, null)
Footnotes (1)
  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 3,413 previously unreported restricted stock units that have been credited as dividend equivalents under the deferral feature of the 2003 Plan.
RSU grant size 6,720 shares Restricted stock units awarded to Andrea M. Stephen
Grant price per share $0.0000 per share Non-cash compensation grant price on award
Total holdings after grant 104,921 shares Stephen’s direct Common Stock holdings following the transaction
Dividend equivalent RSUs 3,413 units Previously unreported RSUs credited as dividend equivalents
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.
Equity Incentive Plan financial
"Award of restricted stock units under The Macerich Company 2003 Equity Incentive Plan ("2003 Plan")"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
dividend equivalents financial
"Includes 3,413 previously unreported restricted stock units that have been credited as dividend equivalents under the deferral feature"
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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 CALIFORNIA 90401
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MACERICH CO [ MAC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026A6,720(1)A$0104,921(2)D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. Includes 3,413 previously unreported restricted stock units that have been credited as dividend equivalents under the deferral feature of the 2003 Plan.
Remarks:
Andrea M. Stephen06/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Macerich (MAC) director Andrea M. Stephen report on this Form 4?

Andrea M. Stephen reported receiving 6,720 shares of Macerich Common Stock as restricted stock units. The award is non-cash compensation granted under the company’s 2003 Equity Incentive Plan and represents a routine director equity grant rather than an open-market share purchase.

Is the Macerich (MAC) Form 4 transaction a stock purchase or a compensation grant?

The Form 4 reflects a compensation grant, not a stock purchase. Stephen received 6,720 restricted stock units at no cash cost under Macerich’s 2003 Equity Incentive Plan, which is categorized as a grant, award, or other acquisition of Common Stock for service.

When do Andrea M. Stephen’s new Macerich (MAC) restricted stock units vest?

The newly granted restricted stock units vest one year after the award date. This means Stephen must remain eligible through that one-year period for the 6,720 units to fully vest and convert into shares of Macerich Common Stock deliverable to her account.

How many Macerich (MAC) shares does Andrea M. Stephen hold after this Form 4?

Following the reported grant, Stephen directly holds 104,921 shares of Macerich Common Stock. This total includes 3,413 restricted stock units previously unreported that were credited as dividend equivalents under the deferral feature of the company’s 2003 Equity Incentive Plan.

What is the role of dividend equivalents in Macerich (MAC) director equity awards?

Dividend equivalents increase the number of restricted stock units over time. For Stephen, 3,413 additional units were credited as dividend equivalents under the 2003 Equity Incentive Plan’s deferral feature, and these units are now included in her reported total holdings of Macerich Common Stock.