HERNANDEZ ENRIQUE JR 4

What Happened

• Enrique Hernandez Jr, a director of Macerich Company (MAC), was granted 6,720 restricted stock units (RSUs) on 2026-06-01. The reported acquisition price is $0.00 (non‑cash compensation). The RSUs vest one year after the award date.

Key Details

• Transaction date and type: 2026-06-01 — Award/Grant of 6,720 RSUs (Form 4 code A).
• Price/Value: $0.00 per share reported (non‑cash compensation).
• Footnote highlights:
  • F1: Awarded under The Macerich Company 2003 Equity Incentive Plan; RSUs vest one year after award.
  • F2: The grant total includes 1,818 previously unreported RSUs credited as dividend equivalents under the plan’s deferral feature.
  • F3: The filing corrects a prior clerical error regarding shares held by the reporting person as of the filing date.
• Filing timeliness: The Form 4 was filed the day after the report date (filed 2026-06-02 for transaction on 2026-06-01); no late‑filing flag indicated.

Context

• This was a compensation grant (non‑cash RSUs), not an open‑market buy or sale. RSUs convert to shares only after vesting (here, one year), so they do not immediately increase marketable shares available for sale.
• Such grants are routine for directors as part of board compensation; they reflect company compensation policy rather than an immediate trading decision.