Print Page  Close Window

SEC Filings



10-K/A
MACERICH CO filed this Form 10-K/A on 04/30/2018
Entire Document
 


Stock Awards Reported in Year 2015

The amounts reflected in this column for 2015 relate to two types of performance-based LTIP Units, service-based LTIP Units and fully-vested LTIP Units granted in 2015 under our LTIP and 2003 Incentive Plan. These amounts represent the value at the grant date computed in accordance with FASB ASC Topic 718, disregarding for this purpose the estimate of forfeitures related to service-based vesting conditions.

 

a. Performance-Based LTIP Units. The aggregate grant date fair values for the two types of performance-based LTIP Unit awards based upon the probable outcome of the performance conditions as of the grant date were as follows:

 

Arthur M. Coppola

   $ 6,749,961  

Edward C. Coppola

   $ 2,249,944  

Thomas E. O’Hern

   $ 937,409  

Robert D. Perlmutter

   $ 749,982  

Thomas J. Leanse

   $ 937,409  

The maximum aggregate values for the two types of performance-based LTIP Unit awards at the grant date assuming that the highest level of performance conditions would be achieved were as follows:

 

Arthur M. Coppola

   $ 12,724,446  

Edward C. Coppola

   $ 4,241,399  

Thomas E. O’Hern

   $ 1,767,124  

Robert D. Perlmutter

   $ 1,413,800  

Thomas J. Leanse

   $ 1,767,124  

 

b. Service-Based LTIP Units. The grant date fair values for service-based LTIP Unit awards were as follows:

 

Arthur M. Coppola

   $ 2,249,985  

Edward C. Coppola

   $ 749,939  

Thomas E. O’Hern

   $ 312,454  

Robert D. Perlmutter

   $ 249,980  

Thomas J. Leanse

   $ 312,454  

 

c. Fully-Vested LTIP Units. The grant date fair values for fully-vested LTIP Unit awards, which represent each named executive officer’s annual incentive award earned for 2014 performance, were as follows:

 

Arthur M. Coppola

   $ 2,999,992  

Edward C. Coppola

   $ 2,399,976  

Thomas E. O’Hern

   $ 1,299,933  

Robert D. Perlmutter

   $ 1,199,945  

Thomas J. Leanse

   $ 1,199,945  

Assumptions used in the calculation of these amounts are set forth in footnote 18 to our audited financial statements for the fiscal year ended December 31, 2015 included in our Annual Report on Form 10-K filed with the SEC on February 23, 2016.

 

(5) None of the earnings on the deferred compensation of our named executive officers for 2017 were considered above-market or preferential as determined under SEC rules.

 

33