Form 4: Macy's EVP, COO & CFO Adrian Mitchell Reports Stock Transactions
SEC Form 4 Filing
Adrian Mitchell, EVP, COO & CFO of Macy's, Inc., reports the acquisition and disposal of company stock and restricted stock units.
Summary
- On March 31, 2024, Adrian Mitchell acquired 23,584 shares of Macy's common stock through the vesting of restricted stock units.
- On April 1, 2024, Mitchell sold 13,279 shares of common stock at a weighted average price of $19.6337 to cover tax withholding obligations.
- Following these transactions, Mitchell directly owns 120,457 shares of Macy's common stock and 70,755 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a significant shift in the company's outlook or performance. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but it is often a routine transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/31/2023 | Reporting person was granted 94,339 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date. |
| 03/31/2024 | Acquisition of 23,584 shares of Macy's common stock through vesting of restricted stock units. |
| 04/01/2024 | Sale of 13,279 shares of common stock at an average price of $19.6337. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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