Swanstrom Daniel E II 4

4 · MACERICH CO · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Macerich (MAC) CFO Daniel Swanstrom Receives LTIP Award

What Happened

Daniel E. Swanstrom II, Chief Financial Officer of Macerich Co. (MAC), was granted 41,411 LTIP units (derivative award) on February 16, 2026. The units were reported as acquired at $0 (award/grant, transaction code A).
These LTIP units are long‑term incentive compensation and are not an open‑market purchase or sale. The filing lists no cash paid for the grant; the economic value depends on future conversion/redemption or share issuance.

Key Details

Transaction date and price: 2026-02-16, 41,411 LTIP units @ $0.00 (award).
Shares owned after transaction: Not disclosed in the provided filing.
Footnote summary:
- F1: LTIP units are limited partnership interests in The Macerich Partnership, L.P.; each LTIP unit can convert into a Common Unit, which may be redeemed for cash equal to the fair market value of a Macerich common share or, at the issuer’s election, exchanged for one share. Conversion/redemption rights do not expire.
- F2: Vesting schedule — one‑third vests on Dec 31, 2026; one‑third on Dec 31, 2027; one‑third on Dec 31, 2028.
Timeliness: Report filed Feb 18, 2026 for a Feb 16, 2026 grant — appears timely (no late filing flag).

Context

This is a compensatory award (A) rather than a market purchase or sale, so it reflects company compensation practices rather than an immediate trading signal.
The units are derivative awards with future vesting and conversion options; their ultimate value depends on Macerich’s stock price and the issuer’s election at redemption/conversion.

Form 4

Period: 2026-02-16

SEVP, Chief Financial Officer

Transactions

Award
LTIP Units
[F1][F2]
2026-02-16+41,411→ 154,695 total
→ Common Stock (41,411 underlying)

Footnotes (2)

[F1]Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.
[F2]LTIP Units vest one-third on December 31, 2026, one-third on December 31, 2027 and one-third on December 31, 2028.

Signature

Daniel E. Swanstrom II|2026-02-18

1 file