Form 4: Macy's Director Richard Clark Reports Acquisition and Disposal of Phantom Stock Units
SEC Filing Form 4
Director Richard Clark reports changes in beneficial ownership of Macy's phantom stock units, including acquisition and disposal, settled in common stock upon termination from the Board.
Summary
- Richard Clark, a director of Macy's, Inc., filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of Macy's securities.
- On June 30, 2024, Clark acquired 654 phantom stock units.
- These units are to be settled in common stock upon his termination from the Board of Directors.
- The price noted is the average of the value of the stock units granted each month during the quarter for which this report is filed.
- Clark also disposed of 654 phantom stock units.
- Following these transactions, Clark beneficially owns 654 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of transaction involving phantom stock units. |
| 07/02/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.