Macerich director granted 6,720 restricted stock units
Hirsch Daniel J. reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Hirsch Daniel J. reported acquisition or exercise transactions in this Form 4 filing.
MACERICH CO director Daniel J. Hirsch received a non-cash award of 6,720 restricted stock units of Common Stock under The Macerich Company 2003 Equity Incentive Plan. These units vest one year after the award date. Following the award, he directly holds 91,898 shares and indirectly holds 4,732 shares through a family trust.
Insider Trade Summary
Grant/Award: 6,720 shares
Grant/Award
2 txns
Insider
Hirsch Daniel J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,720 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 91,898 shares (Direct);
Common Stock — 4,732 shares (Indirect, Family Trust)
Footnotes (2)
- 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 2,922 previously unreported restricted stock units that have been credited as dividend equivalents under the deferral feature of the 2003 Plan.
Key Figures
RSUs granted: 6,720 units
Grant price: $0.0000 per share
Direct holdings after award: 91,898 shares
+2 more
5 metrics
RSUs granted
6,720 units
Non-cash award under 2003 Equity Incentive Plan
Grant price
$0.0000 per share
Compensation-related restricted stock unit award
Direct holdings after award
91,898 shares
Common Stock directly owned following the transaction
Indirect family trust holdings
4,732 shares
Common Stock held indirectly via family trust
Dividend equivalent RSUs
2,922 units
Previously unreported RSUs credited as dividend equivalents
Key Terms
restricted stock units, Equity Incentive Plan, dividend equivalents, deferral feature, +1 more
5 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.
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 2,922 previously unreported restricted stock units that have been credited as dividend equivalents"
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"
family trust financial
"Common Stock holding of 4,732 shares reported as indirect via Family Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MAC (Macerich Co) report for Daniel J. Hirsch?
Macerich reported that director Daniel J. Hirsch received 6,720 restricted stock units as non-cash compensation. The award was granted under the company’s 2003 Equity Incentive Plan and represents a compensation-related share acquisition, not an open-market purchase or sale.
What are the terms of the restricted stock units granted to MAC director Hirsch?
The 6,720 restricted stock units granted to Daniel J. Hirsch are non-cash compensation under Macerich’s 2003 Equity Incentive Plan. According to the disclosure, these restricted stock units vest one year after the award date, subject to the plan’s terms and conditions.
Does the MAC Form 4 show any open-market buying or selling by Daniel J. Hirsch?
The Form 4 does not show any open-market buys or sells by Daniel J. Hirsch. It reports a non-cash grant of 6,720 restricted stock units and an indirect family trust holding, which are compensation and ownership entries rather than discretionary market transactions.
What additional MAC restricted stock units are mentioned as dividend equivalents?
The filing notes that Hirsch’s reported holdings include 2,922 previously unreported restricted stock units. These units were credited as dividend equivalents under the deferral feature of Macerich’s 2003 Equity Incentive Plan, increasing his total reported equity-based compensation position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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