Form 4: Macerich Director Hirsch Acquires Restricted Stock Units

Daniel J. Hirsch, a Director at The Macerich Company, received an award of restricted stock units under the company's equity incentive plan.

Summary

• Daniel J. Hirsch, a Director of The Macerich Company (MAC), was awarded 6,720 restricted stock units (RSUs) on June 1, 2026.
• These RSUs are part of the company's 2003 Equity Incentive Plan and vest one year after the award date.
• Additionally, 2,922 previously unreported RSUs, credited as dividend equivalents, are included in his beneficial ownership.
• Following these transactions, Hirsch beneficially owns 91,898 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on routine equity compensation for a director rather than significant financial performance or strategic shifts.

Positives

• Director Daniel J. Hirsch received a significant award of 6,720 restricted stock units, indicating continued equity-based compensation.
• The award is part of a long-standing equity incentive plan, suggesting a consistent approach to executive and director compensation.
• The beneficial ownership of 91,898 shares indicates a substantial personal stake in the company's performance.

Negatives

• The filing notes 2,922 previously unreported restricted stock units, which could suggest minor administrative oversight in past reporting, though they are now accounted for.

Risks

• The restricted stock units vest one year after the award date, meaning the value is tied to the company's stock performance over the next year.
• Any decline in Macerich's stock price could diminish the value of the awarded RSUs before they vest.

Future Outlook

The restricted stock units awarded to Daniel J. Hirsch vest one year after the award date, implying a forward-looking incentive tied to continued service and company performance.

Industry Context

StockSavvy.ai notes that equity awards, such as restricted stock units, are a common form of compensation for directors and executives in the retail real estate investment trust (REIT) sector, aligning their interests with shareholders.

Corporate Governance

Stakeholder Impact

• Shareholders: The award of RSUs to a director aligns their interests with shareholders, as the value of the award is tied to the company's stock performance.
• Employees: The filing does not directly impact employees, but it reflects the company's compensation practices for its leadership.

Next Steps

• The restricted stock units will vest one year after the award date, on or around June 1, 2027, subject to continued service.

Key Dates

Keywords

Macerich Company, MAC, Form 4, SEC Filing, Director Compensation, Restricted Stock Units, Equity Incentive Plan, Beneficial Ownership, Daniel J. Hirsch