Zecchini Christopher J 4

What Happened Christopher J. Zecchini, Chief Accounting Officer of Macerich Company (MAC), was granted 11,043 LTIP units (a derivative award) on February 16, 2026. The units were issued as long‑term incentive compensation at $0.00 per unit (total cash outlay $0). These LTIP Units are convertible into common units of The Macerich Partnership, L.P. and may ultimately be redeemed for cash equal to the fair market value of a share of Macerich common stock or, at the issuer’s election, exchanged for one share of common stock.

Key Details

• Transaction date: 2026-02-16; Form 4 filed: 2026-02-18 (timely filing).
• Transaction type/code: Award/Grant (A); 11,043 LTIP Units granted at $0.00 (derivative award).
• Shares/units owned after transaction: Not specified in the provided filing excerpt.
• Footnote summary: LTIP Units represent limited partnership interests; conversion rights to Common Units do not expire and Common Units can be redeemed for cash equal to share FMV or converted to shares at the issuer’s election.
• Vesting: One‑third vests on each of Dec 31, 2026, Dec 31, 2027 and Dec 31, 2028.

Context This was an equity compensation grant (not an open‑market purchase or sale). Such awards are routine for executive pay and do not by themselves indicate buying or selling sentiment. As derivative LTIP Units, value realization depends on future conversion/redemption or the issuer’s election to deliver shares.