Form 4: Macy's Director Robert Chavez Receives Stock Grant

Director Robert B. Chavez was granted 8,348 restricted stock units as part of his compensation for service on the Macy's, Inc. Board of Directors.

Summary

• Director Robert B. Chavez acquired 8,348 restricted stock units (RSUs) on June 5, 2026.
• Each RSU represents the equivalent of one share of Macy's, Inc. common stock.
• The grant is valued at $0 per unit as it is a standard equity compensation award.
• The total beneficial ownership for the reporting person following this transaction is 8,348 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified; this is a routine disclosure of director compensation.

Risks

• The value of the equity grant is subject to the future market performance of Macy's, Inc. common stock.

Future Outlook

The RSUs vest on the earlier of one year from the grant date or the date of the next annual meeting of shareholders, with delivery deferred until six months after the director's service ends.

Management Comments

• None provided; this is a standard regulatory filing.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the retail sector to ensure directors remain focused on long-term company performance.

Comparison to Industry Standards

• The grant of restricted stock units to non-employee directors is consistent with standard compensation practices for S&P 500 and large-cap retail companies.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard component of director compensation packages.

Next Steps

• Vesting of the 8,348 RSUs upon the earlier of one year from the grant date or the next annual shareholder meeting.

Key Dates

Keywords

Macy's, Director Compensation, Form 4, Equity Grant, Insider Ownership