The Macerich Company Announces Grant of Employment Inducement Award in Connection with Appointment of Jackson Hsieh as President and Chief Executive Officer [Yahoo! Finance]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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Source: Yahoo! Finance
equity awards to Jackson Hsieh on March 1, 2024, the effective date of Mr. Hsieh's appointment as President and Chief Executive Officer of the Company, pursuant to the employment agreement entered into between the Company and Mr. Hsieh effective March 1, 2024. The awards were granted in accordance with New York Stock Exchange Listed Company Manual Rule 303A.08 as an inducement to Mr. Hsieh's employment with the Company. The inducement awards include a sign-on equity grant in the amount of 304,692 Company Long-Term Incentive (“LTIP”) units (the “Sign-On LTIP Grant”) and an annual equity grant in the amount of 396,098 LTIP units (the “2024 Annual LTIP Grant”). Each of the Sign-On LTIP Grant and 2024 Annual LTIP Grant will generally have the same terms and conditions as LTIP units granted under the Company's Long-Term Incentive Program and the Company's Amended and Restated 2003 Equity Incentive Plan (the “Equity Plan”), but such inducement awards will be granted outside of the Equity
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MAC
News
- The Macerich Company (NYSE: MAC) had its price target lowered by analysts at Compass Point from $20.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Macerich (MAC) Stock Declines on Q1 FFO Miss, Revenues Fall Y/Y [Yahoo! Finance]Yahoo! Finance
- The Macerich Company (NYSE:MAC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- The Macerich Company (NYSE: MAC) had its price target lowered by analysts at Mizuho from $17.00 to $14.00. They now have an "underperform" rating on the stock.MarketBeat
- The Macerich Company (NYSE: MAC) was downgraded by analysts at Piper Sandler from a "neutral" rating to an "underweight" rating. They now have a $11.00 price target on the stock, down previously from $17.00.MarketBeat
MAC
Earnings
- 4/30/24 - Miss
MAC
Sec Filings
- 4/30/24 - Form 8-K
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- MAC's page on the SEC website