Form 4: Macy's Executive Danielle L. Kirgan Reports Stock Transactions
SEC Form 4 Filing
EVP Danielle L. Kirgan reports acquisition and disposal of Macy's stock related to performance restricted stock units and tax obligations.
Summary
- On March 21, 2024, Danielle L. Kirgan, EVP of Macy's, acquired 44,634 shares of common stock related to the settlement of performance restricted stock units.
- Also on March 21, 2024, 1,281 shares were withheld by Macy's to cover tax obligations related to the vesting of accrued dividends.
- On March 22, 2024, Kirgan sold 15,070 shares at a weighted average price of $20.4165 to cover tax withholding obligations.
- Following these transactions, Kirgan beneficially owns 306,555 shares of Macy's common stock.
Sentiment
Score: 5
Explanation: The document reflects routine executive stock transactions related to compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a routine part of corporate governance and are monitored by investors for insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but are primarily related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Settlement of performance restricted stock units and tax withholding. |
| 03/22/2024 | Sale of shares to cover tax withholding obligations. |
| 03/25/2024 | Date of Form 4 signature. |
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