HERNANDEZ ENRIQUE JR 4

What Happened

• Enrique Hernandez Jr., a director of Macerich Co. (NYSE: MAC), received an award of 784.05 phantom stock units on 2026-06-30. The units are derivative (awarded at $0.00) and convertible into Macerich common shares on a 1-for-1 basis per the filing. This was an award/grant (transaction code A), not a cash purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form filed: 2026-07-01 (timely filing).
• Amount: 784.05 phantom stock units granted at $0.00 (derivative security).
• Conversion: Units convertible 1-for-1 into common shares (Footnote F1).
• Distribution/vesting: Units generally become distributable in five equal installments beginning the January 1 after termination of service per an earlier election under the Plan (Footnote F2).
• Prior reporting: The grant includes 543.33 previously unreported phantom stock units accrued under the Plan's dividend reinvestment feature (Footnote F3).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.

Context

• These are phantom stock units (derivative awards), not immediately issued common shares. They typically represent a right to receive shares or cash in the future and are commonly used for director compensation.
• Because this is an award rather than a market purchase or sale, it does not directly signal insider buying or selling activity; it increases potential future ownership if converted or distributed.