Form 4: Macy's Director Marie Chandoha Acquires Restricted Stock Units

Marie Chandoha, a director at Macy's, acquired 8,209 restricted stock units representing the equivalent of one share of Macy's common stock on May 17, 2024.

Summary

• On May 17, 2024, Marie Chandoha, a director of Macy's, Inc., acquired 8,209 restricted stock units.
• Each restricted stock unit represents the equivalent of one share of Macy's common stock.
• The restricted stock units 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 the reporting person six months after the reporting person's service on the Issuer's Board of Directors ends.
• The filing was signed on May 20, 2024, by Steven R. Watts as attorney-in-fact for Marie A. Chandoha pursuant to a Power of Attorney dated February 22, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence.

Positives

• The acquisition of restricted stock units by a director signals 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

This filing is a routine disclosure related to executive compensation and is common in the retail industry.

Comparison to Industry Standards

• Director compensation packages often include restricted stock units to align their interests with shareholders.
• The vesting schedule of one year or the next annual meeting is a typical arrangement.
• Deferred delivery of shares after board service is also a common practice to ensure continued alignment.

Key Dates