The Macerich Company announced that it granted two inducement equity awards to Jackson Hsieh on March 1, 2024, the effective date of 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 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 units and an annual equity grant in the amount of 396,098 LTIP units
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