Hash Steve 4

What Happened

• Steve Hash, a director of Macerich Company (ticker: MAC), received an award of 9,520 restricted stock units (RSUs) on June 1, 2026. The reported grant shows an acquisition price of $0.00 (non-cash compensation).
• The award includes 4,876 previously unreported RSUs credited as dividend equivalents under the plan. The RSUs vest one year after the award date per the 2003 Equity Incentive Plan.

Key Details

• Transaction date: 2026-06-01; Transaction type: Award/Grant (code A).
• Shares/units granted: 9,520 RSUs; grant price reported as $0.00 (non-cash compensation); reported value on Form 4 is $0.
• Footnotes: F1 — non-cash RSU award under the 2003 Plan; F2 — 4,876 of the RSUs are dividend-equivalent units previously unreported and credited via the plan’s deferral feature.
• Shares owned after the transaction: not disclosed in the Form 4.
• Filing: Form 4 filed 2026-06-02 (appears timely based on report date).

Context

• RSU grants are compensation, not open-market purchases or sales; they do not represent an immediate cash outlay and generally vest over time (here, one year), at which point they convert to shares subject to plan terms and tax withholding as applicable.
• The inclusion of dividend-equivalent RSUs reflects credits from dividends under the plan’s deferral feature and may consolidate prior unreported units rather than a new cash payment.