Form 4: Macy's Director William H. Lenehan Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director William H. Lenehan reported the acquisition of phantom stock units convertible to Macy's common stock.
Summary
- On March 31, 2024, William H. Lenehan, a director of Macy's, Inc., reported the acquisition of 1,425 phantom stock units.
- These units are convertible to common stock upon the director's termination from the Board.
- 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 $19.3003.
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 |
|---|---|
| 03/31/2024 | Date of transaction: Acquisition of phantom stock units. |
| 04/02/2024 | Date of signature for the report. |
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