Form 4: Macy's Director Richard Clark Acquires Phantom Stock Units

Macy's director Richard Clark acquired 785 phantom stock units on December 31, 2024, which will be settled in common stock upon his departure from the board.

Summary

• Richard Clark, a director at Macy's, acquired 785 phantom stock units on December 31, 2024.
• These units will be converted to common stock upon his termination from the Board of Directors.
• The price of the units is based on the average value of stock units granted each month during the quarter, which is $15.9277 per unit.
• The transaction was reported on January 3, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Granting phantom stock units to directors is a common practice in publicly traded companies as part of their compensation packages.
• The vesting and settlement terms, such as conversion to common stock upon termination, are also standard.
• The valuation method, using the average monthly value during the quarter, is a typical approach for these types of grants.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is part of the director's compensation package.

Key Dates

Keywords

Macy's, Richard Clark, phantom stock units, director, insider trading, equity compensation