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

Director Richard Clark acquired 1,897 phantom stock units convertible to common stock in Macy's, Inc.

Summary

• Richard Clark, a director of Macy's, Inc., acquired 1,897 phantom stock units on March 31, 2025.
• These units are convertible to common stock on a 1-for-1 basis.
• The units will be settled in common stock upon Clark's termination from the Board of Directors.
• The average price of the stock units granted each month during the quarter was $14.4952.
• Following the transaction, Clark directly owns 1,897 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's acquisition of phantom stock units, which is neither significantly positive nor negative.

Positives

• The acquisition of phantom stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The phantom stock units will be settled in common stock upon the Reporting Person's termination from the Board of Directors.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of phantom stock units, a common form of executive compensation.

Comparison to Industry Standards

• Phantom stock units are a common form of executive compensation, used by companies like Target, Walmart, and Kohl's to align the interests of directors and executives with those of shareholders.
• The vesting and settlement terms (termination from the board) are typical for such grants.
• The value of the grant is relatively small, suggesting it is part of a broader compensation package.

Stakeholder Impact

• The acquisition of phantom stock units by a director can have a minor positive impact on shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Macy's, Richard Clark, phantom stock units, derivative securities, director, beneficial ownership