Form 4: Macy's Director Emilie Arel Acquires 8,209 Restricted Stock Units
SEC Form 4 Filing
Director Emilie Arel received 8,209 restricted stock units (RSUs) of Macy's, Inc. on May 17, 2024, which vest within one year and will be deferred until six months after her board service ends.
Summary
- Emilie Arel, a director of Macy's, Inc., filed a Form 4 on May 20, 2024, reporting a transaction that occurred on May 17, 2024.
- Arel acquired 8,209 restricted stock units (RSUs) representing the equivalent of one share of Macy's common stock each.
- The RSUs vest on the earlier of one year from the grant date or the date of Macy's next annual meeting of shareholders.
- The vested shares will be automatically deferred and delivered to Arel six months after her service on the Issuer's Board of Directors ends.
- The filing was signed by Steven R. Watts as attorney-in-fact for Emilie Arel pursuant to a Power of Attorney.
- A power of attorney document is included, dated February 22, 2024, granting authority to Tracy M. Preston, Wendy A. Beadles, Steven R. Watts and Christopher M. Kelly to file forms on Arel's behalf.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of RSUs can be seen as a positive sign, but it's not a major event.
Positives
- The acquisition of restricted stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The vested shares will be automatically deferred and delivered to the reporting person six months after the reporting person's service on the Issuer's Board of Directors ends.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a grant of restricted stock units to a director, a common form of executive compensation.
Stakeholder Impact
- The acquisition of restricted stock units by a director could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| February 22, 2024 | Date of the Power of Attorney document. |
| May 17, 2024 | Date of the transaction where Emilie Arel acquired restricted stock units. |
| May 20, 2024 | Date the Form 4 was filed. |
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