Form 4: Macy's Director Acquires Phantom Stock Units

Macy's Director Douglas William Sesler acquired 1,970 phantom stock units, aligning his interests with shareholders.

Summary

• Douglas William Sesler, a Director of Macy's, Inc., acquired 1,970 phantom stock units.
• The transaction occurred on September 30, 2025.
• The average value of the stock units granted during the quarter was $13.958 per unit.
• These units convert 1-for-1 into Macy's Common Stock upon Mr. Sesler's termination from the Board of Directors.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. It's a routine compensation event, but it does align director interests with shareholders, which is generally viewed favorably.

Positives

• The acquisition of phantom stock units aligns the director's financial interests with those of Macy's shareholders.
• Phantom stock units are a common form of long-term incentive compensation for directors, promoting retention and performance.

Negatives

• The units do not represent immediate ownership of common stock and are subject to future settlement conditions.
• The value of the units is tied to the future performance of Macy's common stock, introducing market risk.

Risks

• The value of the phantom stock units is subject to fluctuations in Macy's common stock price until settlement.
• There is no immediate liquidity for the director from these units.

Future Outlook

The 1,970 phantom stock units will be settled in Macy's Common Stock on a 1-for-1 basis upon Douglas William Sesler's termination from the Board of Directors.

Industry Context

This is a routine insider transaction filing for director compensation and does not directly relate to broader industry trends or competitors. It reflects standard corporate governance practices for aligning director incentives.

Stakeholder Impact

• Shareholders: The grant of phantom stock units aims to align the director's long-term interests with shareholder value creation.

Next Steps

• The phantom stock units will convert to common stock upon the director's termination from the Board.

Key Dates

Keywords

Macy's, M, Douglas William Sesler, Director, Phantom Stock Units, Insider Transaction, SEC Form 4, Executive Compensation, Equity Grant