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