4//SEC Filing
O HERN THOMAS E 4
Accession 0001209191-23-001360
CIK 0000912242other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 6:38 PM ET
Size
6.3 KB
Accession
0001209191-23-001360
Insider Transaction Report
Form 4
MACERICH COMAC
O HERN THOMAS E
Senior EVP, Treasurer & CFO
Transactions
- Award
LTIP Units
2023-01-01+133,214→ 308,883 total→ Common Stock (133,214 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, 2023, one-third on December 31, 2024 and one-third on December 31, 2025.
Documents
Issuer
MACERICH CO
CIK 0000912242
Entity typeother
Related Parties
1- filerCIK 0001022056
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 6:38 PM ET
- Size
- 6.3 KB