Form 4: Macy's Director Reports Phantom Stock Unit Conversion

Richard L. Markee, a Director at Macy's, Inc., reported the conversion of 1,322 phantom stock units into common stock on June 30, 2026.

Summary

• Richard L. Markee, a Director of Macy's, Inc., has reported a transaction involving phantom stock units.
• On June 30, 2026, 1,322 phantom stock units were converted into common stock.
• This conversion is described as a 1-for-1 conversion.
• The phantom stock units are settled in common stock upon the reporting person's termination from the Board of Directors.
• The average value of the stock units granted each month during the quarter of the report was $20.8064.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine conversion of phantom stock units by a director, which is a standard part of executive compensation and does not indicate new strategic information or significant financial performance.

Positives

• Director Markee's phantom stock units have been converted to common stock, reflecting potential value realization.
• The conversion is a standard procedure for equity compensation upon departure from the board.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future company performance. It solely reports a past transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive and director compensation and potential stock ownership changes within the retail sector.

Stakeholder Impact

• Shareholders: Increased transparency into director's equity holdings and potential changes in beneficial ownership.

Key Dates

Keywords

Macy's, Form 4, SEC Filing, Insider Trading, Stock Options, Phantom Stock, Director Compensation, Equity Awards, Securities Exchange Act