Form 4: Macy's Director William H. Lenehan Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director William H. Lenehan reports acquisition of phantom stock units convertible to common stock upon termination from Macy's Board of Directors.
Summary
- On June 30, 2024, William H. Lenehan, a director of Macy's, Inc., acquired 1,440 phantom stock units.
- These units are convertible to common stock on a 1-for-1 basis.
- The units will be settled in common stock upon Lenehan's termination from the Board of Directors.
- The average price of the stock units granted each month during the quarter was $19.1061.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
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 by a director aligns their interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of transaction: William H. Lenehan acquired phantom stock units. |
| 07/02/2024 | Date of signature on 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.