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Macerich (NYSE: MAC) director awarded additional phantom stock units

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

Rhea-AI Filing Summary

HERNANDEZ ENRIQUE JR reported acquisition or exercise transactions in this Form 4 filing.

Macerich director Enrique Hernandez Jr received a grant of 784.0500 phantom stock units linked to common stock as compensation. These units are convertible on a 1-for-1 basis and generally pay out in five equal annual installments after service ends. His holdings now total 35259.8600 phantom stock units, including 543.33 previously unreported units from the plan’s dividend reinvestment feature.

Positive

  • None.

Negative

  • None.
Insider HERNANDEZ ENRIQUE JR
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock Units 784.05 $0.00 --
Holdings After Transaction: Phantom Stock Units — 35,259.86 shares (Direct, null)
Footnotes (1)
  1. Convertible on a 1 for 1 basis. 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. Includes 543.33 previously unreported phantom stock units accrued under the dividend reinvestment feature of the Plan.
Phantom stock units granted 784.0500 units Grant/award acquisition on 2026-06-30
Total phantom stock units after grant 35259.8600 units Holdings following transaction
Dividend reinvestment phantom units 543.33 units Previously unreported units from dividend reinvestment feature
Conversion ratio 1-for-1 Phantom stock units convertible into common stock
Phantom Stock Units financial
"The shares attributable to the phantom stock units generally first become distributable"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
dividend reinvestment feature financial
"Includes 543.33 previously unreported phantom stock units accrued under the dividend reinvestment feature"
termination of service financial
"generally first become distributable upon the January 1 following the date of termination of service"
1 for 1 basis financial
"Convertible on a 1 for 1 basis."
installments financial
"distributable upon the January 1 following the date of termination of service in five equal installments"
Installments are a series of scheduled partial payments that together cover a larger amount owed or due, like paying for a purchase or loan in weekly or monthly pieces rather than all at once. For investors, installments matter because they change when cash moves between parties, affect a company’s or counterparty’s short-term cash flow and risk of missed payments, and can influence valuation or perceived financial stability much like spreading the cost of a car over monthly payments.
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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*
HERNANDEZ ENRIQUE JR
(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)
06/30/2026		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
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
Phantom Stock Units(1)06/30/2026A784.05 (2) (2)Common Stock784.05$035,259.86(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 543.33 previously unreported phantom stock units accrued under the dividend reinvestment feature of the Plan.
Remarks:
Enrique Hernandez, Jr.07/01/2026
** 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 Enrique Hernandez Jr receive in this Form 4?

Enrique Hernandez Jr received 784.0500 phantom stock units as a compensation grant. These units mirror Macerich common stock value and increase his total phantom stock holdings to 35259.8600 units, reflecting both the new award and prior dividend-based accruals.

What are phantom stock units in the Macerich (MAC) compensation plan?

Phantom stock units are bookkeeping entries that track Macerich’s common stock value without issuing actual shares. They convert on a 1-for-1 basis into stock equivalents and are generally settled in installments after a director’s service with the company ends.

When will Enrique Hernandez Jr’s new Macerich phantom stock units be distributed?

The units generally first become distributable on the January 1 following termination of service. Distribution then occurs in five equal installments, following an earlier election made under the plan terms that govern timing and form of these deferred compensation payouts.

How many total phantom stock units does Enrique Hernandez Jr now hold at Macerich (MAC)?

After this grant, he holds 35259.8600 phantom stock units. This total reflects the newly awarded 784.0500 units plus previously accumulated units, including 543.33 units credited through the plan’s dividend reinvestment feature over time.

What is the significance of the 543.33 phantom stock units mentioned for Macerich (MAC)?

The 543.33 phantom stock units represent previously unreported accruals from the plan’s dividend reinvestment feature. Instead of paying cash dividends, the plan credits additional phantom units, increasing the director’s deferred compensation balance over time.