Form 4: Macerich Co. Director Thomas E. O'Hern Sells 95,000 Shares

Director Thomas E. O'Hern sold 95,000 shares of Macerich Co. (MAC) at an average price of $16.94 on March 20, 2024.

Summary

• On March 20, 2024, Thomas E. O'Hern, a director of Macerich Co. (MAC), sold 95,000 shares of common stock.
• The sale was executed at a price of $16.94 per share.
• Following the transaction, O'Hern directly owns 102,900 shares of Macerich Co.
• The reported holdings exclude 2,390 shares held in trust for O'Hern's children, for which he disclaims beneficial ownership.
• The reported holdings include 743 shares held in a joint account for O'Hern and one of his children.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

This Form 4 filing indicates a transaction by a company insider, which is a common occurrence. Investors often monitor such filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although the impact is likely to be minimal.

Key Dates