Key facts
- This page summarizes Jackson Hsieh's Form 4 filing for MACERICH CO (MAC).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 05 Mar 2024, 19:11.
Jackson Hsieh - 01 Mar 2024 Form 4 Insider Report for MACERICH CO (MAC)
- Reporting relationship
- President and CEO, Director
- Issuer ticker
- MAC
- Reported as of
- 01 Mar 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Mar 2024, 19:11:37 UTC
- Prior SEC filing
- 23 Jan 2024
- Next SEC filing
- 06 May 2024
- Source filing
- View source filing
- Reporting owner signature
- Michelle Raff for Jackson Hsieh
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jackson Hsieh filed Form 4 for MACERICH CO (MAC) on 05 Mar 2024.
Change
- Previous filing in this sequence was filed on 23 Jan 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MAC
transaction
Derivative
LTIP Units
Award
- Transaction value
- $0
- Shares
- +138,634
- Change %
- Price
- $0.000000
- Shares after
- 138,634
- Date
- 01 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 138,634
- Exercise price
- Footnotes
- F1, F2
MAC
transaction
Derivative
LTIP Units
Award
- Transaction value
- $0
- Shares
- +304,692
- Change %
- +220%
- Price
- $0.000000
- Shares after
- 443,326
- Date
- 01 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 304,692
- Exercise price
- Footnotes
- F1, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote 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.
Footnote F2
LTIP Units vest one-third on December 31, 2024, one-third on December 31, 2025 and one-third on December 31, 2026.
Footnote F3
Sign-On LTIPs vest over five years on the following schedule: 50% on 3/1/2027, 25% on 3/1/2028, and 25% on 3/1/2029