Form 4: Macy's Director Richard Clark Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Richard Clark reports acquisition of 776 phantom stock units convertible to Macy's common stock upon termination from the Board.
Summary
- Richard Clark, a director at Macy's, Inc., filed a Form 4 on October 2, 2024, reporting a transaction on September 30, 2024.
- Clark acquired 776 phantom stock units, which are convertible to 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.
- The average price of the stock units is $16.1103.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't suggest any immediate positive or negative implications for the company's financial health or stock 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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in beneficial ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Acquisition of phantom stock units |
| 10/02/2024 | Date of Form 4 filing |
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