Form 4: Macy's CEO Jeffrey Gennette Reports Stock Transactions
SEC Form 4 Filing
Macy's CEO Jeffrey Gennette reports the settlement of performance restricted stock units, tax withholding, and stock sales.
Summary
- On March 21, 2024, Jeffrey Gennette settled performance restricted stock units, acquiring 179,797 shares of common stock.
- Also on March 21, 2024, 7,312 shares were withheld by Macy's to cover tax obligations related to the vesting of accrued dividends.
- On March 22, 2024, Gennette sold 78,567 shares of common stock at a weighted average price of $20.4216 to cover tax withholding obligations.
- Following these transactions, Gennette beneficially owns 994,301 shares of Macy's common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares by the CEO, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Settlement of performance restricted stock units and tax withholding. |
| 03/22/2024 | Sale of shares to cover tax withholding obligations. |
| 03/25/2024 | Date of signature for the Form 4 filing. |
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