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

Adrian Mitchell, EVP, COO & CFO of Macy's, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On March 25, 2024, Adrian Mitchell, EVP, COO & CFO of Macy's, Inc., acquired 10,765 shares of common stock upon the vesting of restricted stock units.
• These restricted stock units were part of a grant from March 25, 2021, vesting in four equal annual installments.
• On March 26, 2024, Mitchell sold 4,813 shares of common stock at a weighted average price of $19.4316 to cover tax withholding obligations.
• Following these transactions, Mitchell directly owns 110,152 shares of Macy's common stock and 10,766 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't convey any particularly 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 reflect a significant trend in the retail industry or Macy's overall performance.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to significantly affect long-term shareholders.

Key Dates