In 2023, Thomas E. O'Hern earned $3.83M in total compensation at Macerich, including $850.00K salary and $2.89M bonus. Most recently sold 95,000 shares in Mar 2024. Currently holds stock worth $2.41M. Has donated $432.18K in stock to charitable causes. Led Macerich as CEO for 4 years.
Compensation History
Annual executive compensation data for Thomas E. O'Hern, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.83M
Salary
$850.00K
Bonus
$2.89M
Other
$85.73K
Salary
$850.00KBoard Justification
The compensation program is designed to attract, retain, and reward experienced executives while aligning their interests with those of stockholders through a significant portion of compensation in equity-based incentives.
Bonus
$2.89MBoard Justification
The annual incentive compensation awards for 2023 performance were paid in cash on February 22, 2024, based on a target level of 200% of base salary, with performance metrics achieving a payout of 120% of target.
Other Compensation
$85.73KBoard Justification
Includes matching contributions under 401(k) and nonqualified deferred compensation plans, life insurance premiums, and other welfare benefits.
Restricted Stock
Board Justification
No stock grants vested in 2023 as the focus is on performance-based LTIP Units and service-based LTIP Units granted in 2023, which are not included in total compensation calculations.
Performance Metrics
Performance metrics for 2023 included Same Center NOI Growth, Year-End Reported Occupancy, Leasing Spreads, Net Debt Reduction, Redevelopment, and Environmental Initiatives.
Thomas E. O'Hern
Ex-CEO of Macerich
Education
Bachelor's degree in Accounting
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Real Estate
Born
January 1, 1957 - 68 years ago
CEO of Macerich for
4 years 11 months (Jan 2019 - Dec 2023)
Previous Experience
Senior Executive Vice President, Chief Financial Officer and Treasurer for Macerich since 2008; previously held executive roles in various real estate development companies.
Holdings
Track Thomas E. O'Hern's stock holdings and portfolio value over time.
Total Stock Sold
$16.97M
$16.97M
347,849 MAC shares
What if they kept their stock?
If Thomas E. O'Hern didn't sell their stock, today they would have:
Extra MAC347,849 shares worth $6.17M.
This is -63.62% and $10.80M less than what they got when they sold the stock.
Charitable Transactions
24,348 shares
MAC
Recent Charitable Transactions
1,117 shares
MAC
Dec 31, 2021
Charity
1,449 shares
MAC
Dec 31, 2020
Charity
2,800 shares
MAC
Jun 30, 2016
Charity
1,500 shares
MAC
Dec 23, 2016
Charity
4,800 shares
MAC
Oct 6, 2016
Charity
Insider Trading
Thomas E. O'Hern's recent stock transactions, purchases, and sales filed with the SEC.
$1.61M
MAC at $16.94/share
Mar 20, 2024
Sale
$130.53K
MAC at $16.39/share
Mar 14, 2024
Sale
$99.56K
MAC at $7.77/share
Sep 23, 2022
Purchase
$199.42K
MAC at $8.98/share
Sep 16, 2022
Purchase
$237.25K
MAC at $9.49/share
Jun 13, 2022
Purchase
$146.15K
MAC at $14.62/share
Mar 24, 2022
Purchase
1,117 shares
MAC
Dec 31, 2021
Charity
1,449 shares
MAC
Dec 31, 2020
Charity
$122.56K
MAC at $6.13/share
Mar 27, 2020
Purchase
$248.77K
MAC at $9.95/share
Mar 16, 2020
Purchase
Rivals
Compare Thomas E. O'Hern with competitor CEOs and industry peers.
Conor C. Flynn
CEO of Kimco Realty
2023 Compensation
Stock
$0.00
Salary
$1.00M
Bonus
$2.92M
Other
$26.34K
Total Holdings
$57.98M
Donald C. Wood
CEO of Federal Realty
2023 Compensation
Stock
$5.55M
Salary
$1.00M
Bonus
$1.41M
Other
$33.01K
Total Holdings
$98.53K
Jeffrey S. Olson
CEO of Urban Edge Properties
2023 Compensation
Stock
$1.66M
Salary
$1.10M
Bonus
$2.33M
Other
$22.50K
Total Holdings
$2.36M
Andrew Juster
CEO of Simon Property Group
2023 Compensation
Stock
$5.51M
Salary
$1.25M
Bonus
$4.00M
Other
$314.05K
Total Holdings
$830.40K
David Simon
CEO of Simon Property Group
2023 Compensation
Stock
$5.51M
Salary
$1.25M
Bonus
$4.00M
Other
$314.05K
Total Holdings
$240.92M