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 vesting of restricted stock units, subsequent sale of shares to cover tax obligations, and adjustments to beneficial ownership.
Summary
- On March 31, 2025, Adrian Mitchell, the EVP, COO & CFO of Macy's, Inc., had restricted stock units vest, resulting in the acquisition of 23,585 and 171,526 shares of common stock.
- These shares were acquired at a price of $0 due to the vesting of restricted stock units.
- Following these transactions, Mitchell directly owns 337,834 shares of Macy's common stock.
- On April 1, 2025, Mitchell sold 101,633 shares at a weighted average price of $12.88 per share to cover tax withholding obligations.
- After the sale, Mitchell directly owns 236,201 shares.
- The reported transactions do not represent a discretionary transaction by the reporting person.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders in publicly traded companies like Macy's.
- The transactions reported are typical for executives receiving stock-based compensation and selling shares to cover tax obligations.
- Similar filings can be observed for executives at comparable retailers such as Nordstrom (JWN) and Kohl's (KSS).
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares in the open market.
- The vesting of restricted stock units incentivizes the executive, potentially aligning their interests with those of the shareholders.
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. |
| 03/31/2025 | Restricted stock units vest, resulting in the acquisition of 23,585 and 171,526 shares of common stock. |
| 04/01/2025 | Sale of 101,633 shares at a weighted average price of $12.88 to cover tax withholding obligations. |
| 04/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Macy's, Adrian Mitchell, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding
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