Form 4: Macy's Director Richard L. Markee Reports Acquisition of Phantom Stock Units

Director Richard L. Markee reports acquiring phantom stock units convertible to common stock upon termination from Macy's Board of Directors.

Summary

• Richard L. Markee, a director of Macy's, Inc., reported the acquisition of 1,897 phantom stock units on March 31, 2025.
• These units are convertible to common stock on a 1-for-1 basis upon the director's termination from the Board.
• The average price of the stock units granted each month during the quarter is $14.4952.
• Following the transaction, Markee directly owns 1,897 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard insider transactions that align director interests with shareholders.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The units are settled in common stock, 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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates

Keywords

Form 4, Macy's, Director, Richard L. Markee, Phantom Stock Units, Beneficial Ownership, Common Stock