Form 4: Macy's EVP, COO & CFO Adrian Mitchell Reports Stock Transactions

Macy's EVP, COO & CFO Adrian Mitchell acquired 5,947 shares of common stock and disposed of 3,289 shares to cover tax obligations on November 23, 2024.

Summary

• Adrian Mitchell, EVP, COO & CFO of Macy's, Inc., reported transactions involving the company's common stock on November 23, 2024.
• Mitchell acquired 5,947 shares of common stock through the vesting of restricted stock units.
• He also disposed of 3,289 shares of common stock to satisfy tax withholding obligations related to the vesting of these units.
• The price of the disposed shares was $16.3.
• Following these transactions, Mitchell directly owns 111,115 shares of Macy's common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the stock transactions of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The vesting of restricted stock units and subsequent tax withholding are common forms of executive compensation.
• Similar filings can be seen from executives at comparable retailers such as Target (TGT) and Kohl's (KSS).

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and do not represent a significant change in ownership.

Key Dates

Keywords

Macy's, Adrian Mitchell, stock transaction, restricted stock units, insider trading, Form 4, executive compensation