Form 4: Macy's Director William H. Lenehan Acquires Restricted Stock Units

William H. Lenehan, a director of Macy's, Inc., acquired 8,209 restricted stock units representing the equivalent of one share of Macy's common stock on May 17, 2024.

Summary

• On May 17, 2024, William H. Lenehan, a director of Macy's, Inc., acquired 8,209 restricted stock units.
• Each restricted stock unit represents the equivalent of one share of Macy's common stock.
• The restricted stock units vest on the earlier of one year from the grant date or the date of Macy's next annual meeting of shareholders.
• The vested shares will be automatically deferred and delivered to Lenehan six months after his service on the Board of Directors ends.
• The transaction was reported on a Form 4 filed with the Securities and Exchange Commission on May 20, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Future Outlook

The vested shares will be automatically deferred and delivered to the reporting person six months after the reporting person's service on the Issuer's Board of Directors ends.

Industry Context

This filing is a routine disclosure of a director's acquisition of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns their interests with those of shareholders.

Key Dates