0000912242-24-000057.txt : 20240426
0000912242-24-000057.hdr.sgml : 20240426
20240426174834
ACCESSION NUMBER: 0000912242-24-000057
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240424
FILED AS OF DATE: 20240426
DATE AS OF CHANGE: 20240426
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Volk Kenneth
CENTRAL INDEX KEY: 0001762914
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12504
FILM NUMBER: 24885685
MAIL ADDRESS:
STREET 1: 401 WILSHIRE BLVD.
STREET 2: SUITE 700
CITY: SANTA MONICA
STATE: CA
ZIP: 90401
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MACERICH CO
CENTRAL INDEX KEY: 0000912242
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 954448705
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 401 WILSHIRE BLVD
STREET 2: STE 700
CITY: SANTA MONICA
STATE: CA
ZIP: 90401
BUSINESS PHONE: 3103946000
MAIL ADDRESS:
STREET 1: 401 WILSHIRE BLVD SUITE 700
CITY: SANTA MONICA
STATE: CA
ZIP: 90401
4
1
wk-form4_1714168103.xml
FORM 4
X0508
4
2024-04-24
0
0000912242
MACERICH CO
MAC
0001762914
Volk Kenneth
401 WILSHIRE BLVD.
SUITE 700
SANTA MONICA
CA
90401
0
1
0
0
EVP, Business Development
0
LTIP Units
2024-04-24
4
A
0
40368
0
A
Common Stock
40368
127281
D
Represents the vesting of performance-based units of limited partnership interest in The Macerich Partnership, LP (the "Partnership"), of which the Issuer is the general partner. These LTIP Units were issued as long-term incentive compensation and vested upon achievement of certain pre-established performance criteria. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in the Partnership ("Common Unit"). Each Common Unit may generally be redeemed, 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 for one share of common stock. The rights to convert LTIP Units into Common Units and redeem for common stock do not have expiration dates.
On January 1, 2021, the reporting person was granted an LTIP Unit award pursuant to which the reporting person could earn 48,223 LTIP Units at target performance, based on the Issuer's performance relative to certain performance criteria during the period from January 1, 2021 through December 31, 2023. On April 24, 2024, the Compensation Committee of the Board of Directors of the Issuer determined that 40,368 of the LTIP Units, or 83.7% of the target amount, were earned based on the Issuer's performance during the performance period. The LTIP Units vested on December 31, 2023 and must be retained by the reporting person until December 31, 2024.
Michelle Raff for Kenneth L. Volk
2024-04-26