Form 4: Macerich Co. CFO Daniel E. Swanstrom II Reports Acquisition of LTIP Units

Daniel E. Swanstrom II, CFO of Macerich Co., reports the acquisition of 35,885 LTIP units and provides an update on beneficial ownership.

Summary

• Daniel E. Swanstrom II, the SEVP and Chief Financial Officer of Macerich Co., filed a Form 4 with the SEC.
• The report details the acquisition of 35,885 LTIP units on February 21, 2025, at a price of $0.
• Following the transaction, Swanstrom directly owns 113,284 common stock.
• The LTIP units vest in three equal installments on December 31, 2025, December 31, 2026, and December 31, 2027.
• Each LTIP Unit can be converted into a common unit of limited partnership interest, which can then be redeemed for cash or Macerich Co. common stock.
• Swanstrom has authorized Ann C. Menard and/or Michelle Raff to file Section 16 reports on his behalf.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence. There are no indications of negative events or concerns.

Positives

• The acquisition of LTIP units suggests confidence in the company's long-term performance.

Future Outlook

The vesting schedule of the LTIP units suggests a long-term commitment from the CFO to the company's success.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The acquisition of LTIP units by a key executive could be viewed positively by shareholders, indicating alignment of interests.

Key Dates