Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-01

Macerich Co. (MAC)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$15,047,450
Jackson Hsieh total, FY2025
94th
CEO pay percentile vs peers
110:1
CEO-to-median pay ratio
92.46%
Say-on-pay support, latest vote
Companies that benchmark against MAC
11 companies name MAC as a compensation peer

Each company listed discloses MAC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MAC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jackson Hsieh$1,000,000$3,000,000$10,826,050$0$0$0$221,400$15,047,450
Chief Executive Officer and President
Daniel Swanstrom600,0001,500,0001,998,436000101,8344,200,270
Senior Executive Vice President, Chief Financial Officer and Treasurer
Douglas Healey600,0001,406,5001,998,43600041,4394,046,375
Senior Executive Vice President, Head of Leasing
Ann Menard600,0001,312,5001,998,43600089,8444,000,780
Senior Executive Vice President, Chief Legal and Administrative Officer and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Jackson Hsieh$15,047,450$14,373,312+674,138
Daniel Swanstrom4,200,2701,974,987+2,225,283
Douglas Healey4,046,3752,999,2512,883,807+1,047,124
Ann Menard4,000,7803,322,0532,950,951+678,727

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Steven R. HashDirector2026-06-01A9,520$0$0CommonForm 4 ↗
Daniel J. HirschDirector2026-06-01A6,72000CommonForm 4 ↗
Diana M. LaingDirector2026-06-01A6,72000CommonForm 4 ↗
Enrique Hernandez JrDirector2026-06-01A6,72000CommonForm 4 ↗
Andrea M. StephenDirector2026-06-01A6,72000CommonForm 4 ↗
Marianne LowenthalDirector2026-06-01A6,72000CommonForm 4 ↗
Devin I. MurphyDirector2026-06-01A6,72000CommonForm 4 ↗
Dividend-equivalent accruals2026-06-308172 insiders, 2 accrual rows

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 9 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Steven R. HashDirector2026-06-01A9,520$0$0CommonForm 4 ↗
Daniel J. HirschDirector2026-06-01A6,72000CommonForm 4 ↗
Diana M. LaingDirector2026-06-01A6,72000CommonForm 4 ↗
Enrique Hernandez JrDirector2026-06-01A6,72000CommonForm 4 ↗
Andrea M. StephenDirector2026-06-01A6,72000CommonForm 4 ↗
Marianne LowenthalDirector2026-06-01A6,72000CommonForm 4 ↗
Devin I. MurphyDirector2026-06-01A6,72000CommonForm 4 ↗
Enrique Hernandez JrDirector2026-06-30A784.0500Derivative, Class A CommonForm 4 ↗
Andrea M. StephenDirector2026-06-30A32.6600Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Douglas HealeyRSU2025-02-2135,885$749,279
Ann MenardRSU2025-02-2135,885749,279
Daniel SwanstromRSU2025-02-2135,885749,279
Douglas HealeyPSU2025-02-218,07435,885125,5981,249,157
Jackson HsiehPSU2025-02-2169,976311,0041,088,51410,826,050
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Douglas Healey$749,279$1,249,157$062.5%
Ann Menard749,279000.0%
Daniel Swanstrom749,279000.0%
Jackson Hsieh010,826,0500100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jackson HsiehPSU287,555$5,308,265
Ann MenardPSU44,819827,359
Douglas HealeyRSU52,809974,854
Daniel SwanstromRSU75,5241,394,173
Ann MenardRSU58,3641,077,399
Daniel SwanstromPSU8,971165,605
Jackson HsiehRSU454,4838,389,756
Douglas HealeyPSU39,036720,605
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to achieve the following objectives: Attract, retain and reward experienced, highly-motivated executives who are capable of leading our Company in executing our corporate strategy. Link compensation earned to achievement of our Company's short-term and long-term financial and strategic goals. Align the interests of management with those of our stockholders by providing a substantial portion of compensation in the form of equity-based incentives and maintaining robust stock ownership requirements. Adhere to high standards of corporate governance.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)
Independent consultantMeridian (effective June 25, 2025); FW Cook (prior to June 25, 2025)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-01211,705,51217,257,788104,01892.46%Passed
20252025-06-02198,331,87320,950,5981,292,49490.45%Passed
20242024-05-30158,440,56115,884,105806,37490.89%Passed
20232023-05-31154,271,0326,415,999346,69496.01%Passed
20222022-05-27140,838,2606,052,645489,51695.88%Passed
20212021-05-2876,852,0308,713,702476,82389.82%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0192.46%a
20252025-06-0290.45%b
20242024-05-3090.89%c

a. Approved under the standard stated in the filing — “For purposes of these proposals, abstentions and broker non-votes, if any, will not be counted as votes cast and therefore will have no effect on the outcome of any of these proposals.”.

b. Approved under the standard stated in the filing — “For purposes of these proposals, abstentions and broker non-votes, if any, will not be counted as votes cast and therefore will have no effect on the outcome of any of these proposals.”.

c. Approved under the standard stated in the filing — “For purposes of 2024 PROXY STATEMENT 3 ABOUT OUR ANNUAL MEETING these proposals, abstentions and broker non-votes, if any, will not be counted as votes cast and therefore will have no effect on the outcome of any of these proposals.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)110 : 1
CEO total compensation$15,047,450
Median employee compensation$137,025
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Steven R. HashIndependent · Board Chair · Executive (Chair) · Capital Allocation · Audit (ex officio) · Compensation (ex officio) · Nominating and Corporate Governance (ex officio)$202,500$197,484$0$0$399,984
Andrea M. StephenIndependent · Audit · Capital Allocation (Chair) · Nominating and Corporate Governance · Executive142,500134,98700277,487
Devin I. MurphyIndependent · Compensation · Nominating and Corporate Governance · Partial-year service · Newly elected82,805179,00000261,805
Daniel J. HirschIndependent · Capital Allocation · Compensation116,875134,98700251,862
Enrique Hernandez JrIndependent · Compensation (Chair) · Nominating and Corporate Governance106,986134,98700241,973
Enrique Hernandez, JrIndependent · Compensation (Chair) · Nominating and Corporate Governance106,986134,987000241,973
Diana M. LaingIndependent · Audit (Chair) · Compensation100,000134,98700234,987
Marianne LowenthalIndependent · Audit · Nominating and Corporate Governance (Chair)97,500134,98700232,487
Eric K. BrandtIndependent · Capital Allocation · Compensation · Not standing for re-election · Departed during FY · Partial-year service44,8220044,822
Jackson HsiehEmployee director · Capital Allocation · Executive00000
09

Board fee structure and ownership guideline

Annual cash retainer$70,000
Annual equity retainer$135,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000 / 12,500
Stock ownership guideline$350,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,000,974
Equity awards (grant-date value)$1,186,406
All other compensation$0
Total cost of the board$2,187,380

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Macerich Co. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Macerich Co..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1SL Green Realty Corp.2025Marc Holliday$1,400,000$14,271,656$0$1,639,390$17,356,826
2Macerich Co.2025Jackson Hsieh1,000,00010,826,0500015,047,450
3Simon Property Group, Inc.2025David Simon1,250,0007,000,2610011,663,678
4Kimco Realty Corporation2025Conor Flynn1,000,0007,080,40103,398,40011,581,750
5Regency Centers Corporation2025Lisa Palmer1,050,0007,099,09802,925,00011,092,432
6Federal Realty Investment Trust2025Donald Wood1,000,0007,554,43401,350,0009,929,147
7Douglas Emmett, Inc.2025Jordan Kaplan800,0008,170,000009,012,069
8Urban Edge Properties2025Jeffrey Olson1,100,0004,892,46502,091,2438,106,208
9Phillips Edison & Company, Inc.2025Jeffrey Edison991,8644,931,23001,960,7008,062,820
10Kite Realty Group Trust2025John Kite1,000,0003,931,06102,912,5007,882,883
11Tanger Factory Outlets2025Stephen Yalof900,0004,150,03601,809,3757,113,515
12Kilroy Realty Corporation2025Angela Aman820,0004,433,57701,801,8507,072,527
13Acadia Realty Trust2025Kenneth Bernstein850,0003,574,54402,486,8986,922,230
14Retail Opportunity Investments Corp.2023Stuart Tanz900,0004,096,63801,575,0006,626,718
15JBG Smith Properties2025W. Matthew Kelly750,0003,499,99401,260,0005,521,861
16American Assets Trust, Inc.2025Adam Wyll750,0002,228,91601,428,7504,806,038
17Brixmor Property Group, Inc.2025Brian T. Finnegan650,0001,777,1340830,9443,735,474
18SITE Centers Corp.2025David Lukes00000

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Macerich Co.200%LTIP Units 100Yes — Relative TSR vs. Equity Peer REITsMeridian (effective June 25, 2025); FW Cook (prior to June 25, 2025)
Acadia Realty Trust145%LTIP Units 100Yes — Relative TSR vs. Nareit Shopping Center IndexFerguson Partners Consulting (FPC)
American Assets Trust, Inc.191%PSU 100Yes — Relative Total Shareholder Return (TSR) vs. S&P 600 Real Estate Indexnot disclosed
Brixmor Property Group, Inc.111%PSU 60 · RSU 40YesPay Governance
Douglas Emmett, Inc.not disclosedLTIP Units 100not disclosedFTI Consulting, Inc.
Federal Realty Investment Trust120%not disclosedNoSemler Brossy Consulting Group
JBG Smith Properties168%not disclosedNoFerguson Partners Consulting
Kilroy Realty Corporation125.6%PSU 75 · RSU 25Yes — TSR Percentile RankingKorn Ferry
Kimco Realty Corporation189%PSU 67 · RSU 33Yes — Total Stockholder Return (TSR)Pay Governance LLC
Kite Realty Group Trustnot disclosedPSU 60 · RSU 40Yes — relative TSR performance versus shopping center REITsFerguson Partners Consulting
Phillips Edison & Company, Inc.140%PSU 68 · RSU 32Yes — Relative TSRFPC
Regency Centers Corporation150%PSU 80 · RSU 20NoSemler Brossy
Retail Opportunity Investments Corp.not disclosednot disclosednot disclosedFTI Consulting Inc.
Simon Property Group, Inc.49.63%LTIP Units 75 · RSU 25Yes — TSR modifierSemler Brossy
SITE Centers Corp.not disclosednot disclosednot disclosedMercer (US) LLC
SL Green Realty Corp.not disclosedPSU 67 · RSU 33Yes — Office REIT Peers TSRFerguson Partners
Tanger Factory Outlets134.0%PSU 60 · RSU 40Yes — Absolute TSRFerguson Partners
Urban Edge Properties190%LTIP Units 100Yes — Absolute TSRFarient Advisors

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jackson HsiehDEF 14A2026-04-220001193125-26-170447Section “SUMMARY COMPENSATION TABLE” · page 47. As printed: 15,047,450. Filing ↗machine: r3 · c27 · span 743436–743446
2Section 01, Daniel SwanstromDEF 14A2026-04-220001193125-26-170447Section “SUMMARY COMPENSATION TABLE” · page 47. As printed: 4,200,270. Filing ↗machine: r6 · c27 · span 749017–749026
3Section 01, Douglas HealeyDEF 14A2026-04-220001193125-26-170447Section “SUMMARY COMPENSATION TABLE” · page 47. As printed: 4,046,375. Filing ↗machine: r10 · c27 · span 755747–755756
4Section 01, Ann MenardDEF 14A2026-04-220001193125-26-170447Section “SUMMARY COMPENSATION TABLE” · page 47. As printed: 4,000,780. Filing ↗machine: r14 · c27 · span 763171–763180
5Section 03, Douglas Healey RSUDEF 14A2026-04-220001193125-26-170447Section “GRANTS OF PLAN-BASED AWARDS—FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: t229 · r2 · c3 · span 786834–786841
6Section 03, Ann Menard RSUDEF 14A2026-04-220001193125-26-170447Section “GRANTS OF PLAN-BASED AWARDS—FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: t229 · r3 · c3 · span 787803–787810
7Section 03, Daniel Swanstrom RSUDEF 14A2026-04-220001193125-26-170447Section “GRANTS OF PLAN-BASED AWARDS—FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: t229 · r1 · c3 · span 785828–785835
8Section 03, Douglas Healey PSUDEF 14A2026-04-220001193125-26-170447Section “Grants of Plan-Based Awards—Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t237 · r6 · c15 · span 830795–830801
9Section 03, Jackson Hsieh PSUDEF 14A2026-04-220001193125-26-170447Section “Grants of Plan-Based Awards—Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t237 · r3 · c15 · span 823636–823643
10Section 07, pay ratioDEF 14A2026-04-220001193125-26-170447Section “CEO Pay Ratio”. As printed: 110 : 1. Filing ↗
11Section 08, Steven R. HashDEF 14A2026-04-220001193125-26-170447Section “Director Compensation”. As printed: 399,984. Filing ↗machine: t115 · r3 · c11 · span 427206–427213
12Section 08, Andrea M. StephenDEF 14A2026-04-220001193125-26-170447Section “Director Compensation”. As printed: 277,487. Filing ↗machine: t115 · r9 · c11 · span 441260–441267
13Section 08, Devin I. MurphyDEF 14A2026-04-220001193125-26-170447Section “Director Compensation”. As printed: 261,805. Filing ↗machine: t115 · r8 · c11 · span 438940–438947
14Section 08, Daniel J. HirschDEF 14A2026-04-220001193125-26-170447Section “Director Compensation”. As printed: 251,862. Filing ↗machine: t115 · r5 · c11 · span 431850–431857
15Section 08, Enrique Hernandez JrDEF 14A2026-04-220001193125-26-170447Section “Director Compensation”. As printed: 241,973. Filing ↗machine: r4 · c11 · span 429531–429538
16Section 08, Enrique Hernandez, JrDEF 14A2026-04-220001193125-26-170447Section “Director Compensation”. As printed: 241,973. Filing ↗machine: t115 · r4 · c11 · span 429531–429538
17Section 08, Diana M. LaingDEF 14A2026-04-220001193125-26-170447Section “Director Compensation”. As printed: 234,987. Filing ↗machine: t115 · r6 · c11 · span 434167–434174
18Section 08, Marianne LowenthalDEF 14A2026-04-220001193125-26-170447Section “Director Compensation”. As printed: 232,487. Filing ↗machine: t115 · r7 · c11 · span 436487–436494
19Section 08, Eric K. BrandtDEF 14A2026-04-220001193125-26-170447Section “Director Compensation”. As printed: 44,822. Filing ↗machine: t115 · r2 · c3 · span 423511–423517
20Section 08, Jackson HsiehDEF 14A2026-04-220001193125-26-170447Section “Director Compensation”. As printed: 0. Filing ↗
21Section 02, Steven R. Hash 2026-06-01Form 42026-06-020001594073-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Daniel J. Hirsch 2026-06-01Form 42026-06-020001453077-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Diana M. Laing 2026-06-01Form 42026-06-020001266612-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Enrique Hernandez Jr 2026-06-01Form 42026-06-020001042343-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Andrea M. Stephen 2026-06-01Form 42026-06-020001565966-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Marianne Lowenthal 2026-06-01Form 42026-06-020001931430-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Devin I. Murphy 2026-06-01Form 42026-06-020001440186-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Enrique Hernandez Jr 2026-06-30Form 42026-07-010000912242-26-000028Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Andrea M. Stephen 2026-06-30Form 42026-07-010000912242-26-000029Insider equity transaction reported since the proxy statement. Filing ↗
30Section 06, 2026 voteForm 8-K2026-06-030001193125-26-255466Item 5.07 · say-on-pay result. As reported: 92.46% (votes for as printed: 211,705,512). Filing ↗
31Section 06, 2025 voteForm 8-K2025-06-060001193125-25-136774Item 5.07 · say-on-pay result. As reported: 90.45% (votes for as printed: 198,331,873). Filing ↗
32Section 06, 2024 voteForm 8-K2024-06-040000912242-24-000109Item 5.07 · say-on-pay result. As reported: 90.89% (votes for as printed: 158,440,561). Filing ↗
33Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
34Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
35Section 09b board cost (computed)ComputedcomputedCash 1,000,974 + equity 1,186,406 + all other 0 = 2,187,380, summed across the director compensation table rows.machine: formula: Σ = 2,187,380
36SL Green Realty Corp., Section 10b CEO totalDEF 14A2026-04-220001104659-26-046866CEO total compensation as printed in SL Green Realty Corp.'s own proxy. As printed: 17,356,826. Filing ↗machine: span 1592570–1592580
37Macerich Co. (subject), Section 10b CEO totalDEF 14A2026-04-220001193125-26-170447CEO total compensation as printed in Macerich Co.'s own proxy. As printed: 15,047,450. Filing ↗machine: r3 · c27 · span 743436–743446
38Simon Property Group, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038320CEO total compensation as printed in Simon Property Group, Inc.'s own proxy. As printed: 11,663,678. Filing ↗machine: t240 · r4 · c17 · span 1804893–1804903
39Kimco Realty Corporation, Section 10b CEO totalDEF 14A2026-04-080001206774-26-000197CEO total compensation as printed in Kimco Realty Corporation's own proxy. As printed: 11,581,750. Filing ↗machine: t133 · r4 · c7 · span 542175–542185
40Regency Centers Corporation, Section 10b CEO totalDEF 14A2026-03-250001193125-26-122880CEO total compensation as printed in Regency Centers Corporation's own proxy. As printed: 11,092,432. Filing ↗machine: r7 · c23 · span 803411–803422
41Federal Realty Investment Trust, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127642CEO total compensation as printed in Federal Realty Investment Trust's own proxy. As printed: 9,929,147. Filing ↗machine: t136 · r3 · c27 · span 657645–657654
42Douglas Emmett, Inc., Section 10b CEO totalDEF 14A2026-04-170001364250-26-000020CEO total compensation as printed in Douglas Emmett, Inc.'s own proxy. As printed: 9,012,069. Filing ↗machine: span 506518–506527
43Urban Edge Properties, Section 10b CEO totalDEF 14A2026-03-240001140361-26-010899CEO total compensation as printed in Urban Edge Properties's own proxy. As printed: 8,106,208. Filing ↗machine: r2 · c21 · span 876925–876934
44Phillips Edison & Company, Inc., Section 10b CEO totalDEF 14A2026-03-230001476204-26-000016CEO total compensation as printed in Phillips Edison & Company, Inc.'s own proxy. As printed: 8,062,820. Filing ↗machine: r5 · c18 · span 575792–575801
45Kite Realty Group Trust, Section 10b CEO totalDEF 14A2026-04-010001286043-26-000024CEO total compensation as printed in Kite Realty Group Trust's own proxy. As printed: 7,882,883. Filing ↗machine: r2 · c6 · span 1509426–1509435
46Tanger Factory Outlets, Section 10b CEO totalDEF 14A2026-03-260001628280-26-021249CEO total compensation as printed in Tanger Factory Outlets's own proxy. As printed: 7,113,515. Filing ↗machine: r5 · c33 · span 922980–922989
47Kilroy Realty Corporation, Section 10b CEO totalDEF 14A2026-04-090001193125-26-149727CEO total compensation as printed in Kilroy Realty Corporation's own proxy. As printed: 7,072,527. Filing ↗machine: r4 · c27 · span 996331–996340
48Acadia Realty Trust, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134606CEO total compensation as printed in Acadia Realty Trust's own proxy. As printed: 6,922,230. Filing ↗machine: span 777495–777504
49Retail Opportunity Investments Corp., Section 10b CEO totalDEF 14A2024-03-220001407623-24-000062CEO total compensation as printed in Retail Opportunity Investments Corp.'s own proxy. As printed: 6,626,718. Filing ↗machine: r2 · c42 · span 607173–607182
50JBG Smith Properties, Section 10b CEO totalDEF 14A2026-03-180001104659-26-030932CEO total compensation as printed in JBG Smith Properties's own proxy. As printed: 5,521,861. Filing ↗machine: t286 · r3 · c17 · span 1302909–1302918
51American Assets Trust, Inc., Section 10b CEO totalDEF 14A2026-04-100001500217-26-000023CEO total compensation as printed in American Assets Trust, Inc.'s own proxy. As printed: 4,806,038. Filing ↗machine: r5 · c54 · span 545070–545079
52Brixmor Property Group, Inc., Section 10b CEO totalDEF 14A2026-03-110001104659-26-026381CEO total compensation as printed in Brixmor Property Group, Inc.'s own proxy. As printed: 3,735,474. Filing ↗machine: r4 · c27 · span 957466–957475
53SITE Centers Corp., Section 10b CEO totalDEF 14A2026-03-310001193125-26-134508CEO total compensation as printed in SITE Centers Corp.'s own proxy. As printed: 0. Filing ↗
54Section 10a, SITE Centers Corp. reciprocityDEF 14A0001193125-25-071314SITE Centers Corp.'s most recent proxy was read; its disclosed peer group does not include Macerich Co.. Filing ↗
55Section 10a, Federal Realty Investment Trust reciprocityDEF 14A0001193125-25-066328Federal Realty Investment Trust's most recent proxy was read; its disclosed peer group does not include Macerich Co.. Filing ↗
56Section 10a, Regency Centers Corporation reciprocityDEF 14A0001193125-26-122880Regency Centers Corporation names Macerich Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
57Section 10a, SL Green Realty Corp. reciprocityDEF 14A0001104659-26-046866SL Green Realty Corp.'s most recent proxy was read; its disclosed peer group does not include Macerich Co.. Filing ↗
58Section 10a, Brixmor Property Group, Inc. reciprocityDEF 14A0001104659-26-026381Brixmor Property Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Macerich Co.. Filing ↗
59Section 10a, JBG Smith Properties reciprocityDEF 14A0001104659-26-030932JBG Smith Properties names Macerich Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Kilroy Realty Corporation reciprocityDEF 14A0001193125-26-149727Kilroy Realty Corporation names Macerich Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, Kite Realty Group Trust reciprocityDEF 14A0001286043-26-000024Kite Realty Group Trust names Macerich Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, American Assets Trust, Inc. reciprocityDEF 14A0001500217-26-000023American Assets Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include Macerich Co.. Filing ↗
63Section 10a, Douglas Emmett, Inc. reciprocityDEF 14A0001364250-26-000020Douglas Emmett, Inc.'s most recent proxy was read; its disclosed peer group does not include Macerich Co.. Filing ↗
64Section 10a, Retail Opportunity Investments Corp. reciprocityDEF 14A0001407623-24-000062Retail Opportunity Investments Corp.'s most recent proxy was read; its disclosed peer group does not include Macerich Co.. Filing ↗
65Section 10a, Tanger Factory Outlets reciprocityDEF 14A0001628280-26-021249Tanger Factory Outlets names Macerich Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, Phillips Edison & Company, Inc. reciprocityDEF 14A0001476204-26-000016Phillips Edison & Company, Inc. names Macerich Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Acadia Realty Trust reciprocityDEF 14A0001193125-26-134606Acadia Realty Trust names Macerich Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, Urban Edge Properties reciprocityDEF 14A0001140361-26-010899Urban Edge Properties's most recent proxy was read; its disclosed peer group does not include Macerich Co.. Filing ↗