Form 4: Macy's Director Douglas William Sesler Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Douglas William Sesler, a director at Macy's, Inc., reported the acquisition of 1,897 phantom stock units convertible to common stock, according to a Form 4 filing with the SEC.
Summary
- On March 31, 2025, Douglas William Sesler, a director at Macy's, Inc., acquired 1,897 phantom stock units.
- These units are convertible to common stock on a 1-for-1 basis.
- The units will be settled in common stock upon Sesler's termination from the Board of Directors.
- The average price of the stock units granted each month during the quarter was $14.4945.
- Following the transaction, Sesler directly owns 1,897 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Acquisition of phantom stock units. |
| 04/02/2025 | Date of report: Filing date of the Form 4. |
Keywords
Form 4, Macy's, Director, Douglas William Sesler, Phantom Stock Units, Beneficial Ownership, SEC Filing
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