Form 4: Macy's Director Acquires 1,971 Phantom Stock Units

Macy's Director Richard Clark reported the acquisition of 1,971 phantom stock units, aligning his interests with shareholders.

Summary

• Richard Clark, a Director of Macy's, Inc. (M), acquired 1,971 Phantom Stock Units.
• The transaction date for this acquisition was September 30, 2025.
• Each phantom stock unit has a conversion ratio of 1-for-1 into Macy's Common Stock.
• The average value of the stock units granted during the quarter, as reported, was $13.9573 per unit.
• These units are to be settled in Common Stock upon Mr. Clark's termination from the Board of Directors.
• Following this reported transaction, Mr. Clark beneficially owns 1,971 derivative securities (Phantom Stock Units) directly.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a director generally indicates confidence in the company's future performance and aligns management interests with shareholders, which is a positive signal.

Positives

• The acquisition of phantom stock units by a director can signal confidence in the company's future prospects.
• This transaction further aligns the director's financial interests with those of the company's shareholders.

Future Outlook

The acquired Phantom Stock Units will be settled in Common Stock upon Richard Clark's termination from the Board of Directors.

Industry Context

This is a routine insider transaction report and does not provide information directly related to broader industry trends or competitors. It reflects an individual director's equity compensation.

Stakeholder Impact

• Shareholders may view the director's increased equity stake as a positive signal of management's commitment and alignment with shareholder interests.

Next Steps

• Phantom Stock Units will be settled in Common Stock upon Richard Clark's termination from the Board of Directors.

Key Dates

Keywords

Macy's, M, Richard Clark, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Beneficial Ownership