Form 4: Macy's Executive Olivier Bron Reports Stock Transactions
SEC Form 4 Filing
Olivier Bron, CEO of Bloomingdale's, reports the vesting of restricted stock units and subsequent tax withholding by Macy's, Inc.
Summary
- On November 1, 2024, Olivier Bron, CEO of Bloomingdale's, reported transactions involving Macy's, Inc. common stock.
- Bron acquired 3,109 shares of common stock through the vesting of restricted stock units.
- Simultaneously, 1,253 shares were withheld by Macy's, Inc. to satisfy tax obligations at a price of $15.27 per share.
- Following these transactions, Bron directly owns 1,856 shares of common stock and 9,328 restricted stock units.
- The restricted stock units vest in four equal installments beginning on November 1, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is a standard practice to ensure compliance with securities regulations.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 11/01/2023 | Reporting person was granted 12,437 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date. |
| 11/01/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 11/04/2024 | Date of report filing. |
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