MAC MACERICH CO

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q3 2018: $40M, Q2 2018: $49M, Q1 2018: $133M, Q3 2017: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $40M vs trailing avg $61M (-34%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $221M / FCF $207M = 107% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 0 shares = 0.0% of 256,990,913 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 265847.5x more than bought. 1 C-suite officers among sellers

• Zecchini Christopher J (Chief Accounting Officer) sold 9,500 shares on 2025-08-15