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Macerich Executive Compensation (FY25)

MAC · Santa Monica, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Jackson Hsieh
Latest say-on-pay support
=
June 1, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): June 3, 2026
16 filings cited on this page
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231 figures on this page: 220 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Macerich

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jackson Hsieh: $14,373,312 → $15,047,450 (4.7% higher)
CEO pay ratio: 109:1 → 110:1 (0.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Macerich's chief executive and what were they paid?
Total compensation for Jackson Hsieh, Chief Executive Officer and President, came to $15,047,450 in fiscal 2025. Hsieh's total was 4.7% higher than the $14,373,312 reported for fiscal 2024.
What was Macerich's say-on-pay result?
The say-on-pay proposal drew 92.5% of votes cast for or against in favor at the meeting held June 1, 2026 for fiscal 2025.
Which companies are in Macerich's peer group?
The disclosed peer group names Acadia Realty Trust, American Assets Trust, Inc., Brixmor Property Group, Inc., Douglas Emmett, Inc. and Federal Realty Investment Trust, among others.
What is Macerich's chief executive pay ratio?
The company reported a chief executive pay ratio of 110:1 for fiscal 2025, against median employee compensation of $137,025.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas O'Hern
Chief Executive Officer
◇◇◇———◇◇
Thomas O’He
Former Chief Executive Officer
Departed during or after this year
◇◇◇———◇◇
Edward Coppola
President
◇◇◇———◇◇
Scott Kingsmore
Former Senior Executive Vice President Chief Financial Officer and Treasurer
Departed during or after this year
◇◇◇———◇◇
Ann Menard
Senior Executive Vice President, Chief Legal Officer and Secretary
◇◇◇———◇◇
Douglas Healey
Senior Executive Vice President, Head of Leasing
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas O'Hern
Former Chief Executive Officer
Departed during or after this year
◇◇◇———◇◇
Edward Coppola
Former President
Departed during or after this year
◇◇◇———◇◇
Scott Kingsmore
Senior Executive Vice President, Chief Financial Officer and Treasurer
◇◇◇———◇◇
Ann Menard
Senior Executive Vice President, Chief Legal Officer and Secretary
◇◇◇———◇◇
Douglas Healey
Senior Executive Vice President, Head of Leasing
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jackson Hsieh
Chief Executive Officer and President
◇◇◇———◇◇
Ann Menard
Senior Executive Vice President, Chief Legal Officer and Secretary
◇◇◇———◇◇
Scott Kingsmore
Former Senior Executive Vice President Chief Financial Officer and Treasurer
Departed during or after this year
◇◇◇———◇◇
Douglas Healey
Senior Executive Vice President, Head of Leasing
◇◇◇———◇◇
Kenneth Volk
Executive Vice President
◇◇◇———◇◇
Daniel Swanstrom
Senior Executive Vice President, Chief Financial Officer and Treasurer
◇◇◇———◇◇
Thomas O’He
Former Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Thomas O'Hern
Former Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jackson Hsieh
Chief Executive Officer and President
◇◇◇———◇◇
Daniel Swanstrom
Senior Executive Vice President, Chief Financial Officer and Treasurer
◇◇◇———◇◇
Douglas Healey
Senior Executive Vice President, Head of Leasing
◇◇◇———◇◇
Ann Menard
Senior Executive Vice President, Chief Legal and Administrative Officer and Secretary
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Ann C. MenardRSU◇——◇——◇
Daniel E. Swanstrom IIRSU◇——◇——◇
Douglas J. HealeyRSU◇——◇——◇
Douglas J. HealeyPSU◇◇◇—◇—◇
Jackson HsiehPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jackson HsiehPSU◇◇——
RSU◇◇——
Ann MenardPSU◇◇——
RSU◇◇——
Douglas HealeyRSU◇◇——
PSU◇◇——
Daniel SwanstromRSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Jackson Hsieh
Chief Executive Officer and President · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven R. Hash
Board chair
◇◇————◇
Andrea M. Stephen
◇◇————◇
Devin I. Murphy
◇◇————◇
Daniel J. Hirsch
◇◇————◇
Enrique Hernandez, Jr
◇◇————◇
Diana M. Laing
◇◇————◇
Marianne Lowenthal
◇◇————◇
Eric K. Brandt
◇—————◇
Jackson Hsieh served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Acadia Realty Trust AKR
  • American Assets Trust, Inc. AAT
  • Brixmor Property Group, Inc. BRX
  • Douglas Emmett, Inc. DEI
  • Federal Realty Investment Trust FRT
  • JBG Smith Properties JBGS
  • Kilroy Realty Corporation KRC
  • Kimco Realty Corporation KIM
  • Kite Realty Group Trust KRG
  • Phillips Edison & Company, Inc. PECO
  • Regency Centers Corporation REG
  • Retail Opportunity Investments Corp. ROIC
  • Simon Property Group, Inc. SPG
  • SITE Centers Corp. SITC
  • SL Green Realty Corp. SLG
  • Tanger Factory Outlets SKT
  • Urban Edge Properties UE

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 1, 2026=◇◇◇
2024June 2, 2025=◇◇◇
2023May 30, 2024=◇◇◇
2022May 31, 2023=◇◇◇
2021May 27, 2022=◇◇◇
2020May 28, 2021=◇◇◇
2019June 18, 2020=◇◇◇
2018June 7, 2019=◇◇◇
2017June 21, 2018=◇◇◇
2016June 1, 2017=◇◇◇
2015May 26, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Jackson Hsieh (Chief Executive Officer and President), FY2025 total compensation $15,047,450 (base salary $1,000,000) [exec_comp, SEC accession 0001193125-26-170447, filed 2026-04-22]

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What this page does not include

Everything above is a fact Macerich disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Macerich sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
231 figures on this page: 220 cited to the filing that reported them, 11 calculated from figures it prints.
220 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-255466
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-170447
    CEO Pay Ratio · Compensation of Non-Employee Directors · GRANTS OF PLAN-BASED AWARDS—FISCAL 2025 · Grants of Plan-Based Awards—Fiscal 2025 · and 2 more sections
  3. 0001193125-25-136774
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-091381
    SUMMARY COMPENSATION TABLE · Summary Compensation Table—Fiscal Years 2022-2024
  5. 0000912242-24-000109
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000912242-24-000044
    SUMMARY COMPENSATION TABLE—FISCAL YEARS 2021-2023 · Summary Compensation Table—Fiscal Years 202
  7. 0000912242-24-000083
  8. 0001193125-23-160708
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-23-110538
    SUMMARY COMPENSATION TABLE—FISCAL YEARS 2020-2022 · Summary Compensation Table—Fiscal Years 2020-2022
  10. 0001193125-22-166225
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-21-182973
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-20-177153
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-19-171259
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-18-202267
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001193125-17-195951
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0001104659-16-124837
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Macerich executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MAC (accessed 2026).
Short form: data: Velarion

The paid brief for Macerich

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Macerich discloses

The companies named in MAC's own disclosed peer group.

Acadia Realty TrustAmerican Assets Trust, Inc.Brixmor Property Group, Inc.Douglas Emmett, Inc.Federal Realty Investment TrustJBG Smith PropertiesKilroy Realty CorporationKimco Realty CorporationKite Realty Group TrustPhillips Edison & Company, Inc.Regency Centers CorporationRetail Opportunity Investments Corp.Simon Property Group, Inc.SITE Centers Corp.SL Green Realty Corp.Tanger Factory OutletsUrban Edge Properties

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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