Form 4: Macy's Executive Tracy M. Preston Reports Stock Transactions

EVP, CLO & Corporate Secretary of Macy's, Tracy M. Preston, reports acquisition and disposal of company stock to cover tax obligations.

Summary

• On March 28, 2025, Tracy M. Preston, EVP, CLO & Corporate Secretary of Macy's, acquired 7,503 shares of common stock at $0 and 7,503 Restricted Stock Units.
• On March 31, 2025, Preston sold 2,780 shares of common stock at a weighted average price of $12.6812 to cover tax withholding obligations.
• Following these transactions, Preston directly owns 4,723 shares of common stock and 22,512 Restricted Stock Units.
• The restricted stock units vest in four equal installments beginning on the first anniversary of the grant date of March 28, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports stock transactions related to executive compensation and tax obligations.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and provides transparency to investors.

Comparison to Industry Standards

• Executive stock transactions are a standard part of corporate governance, similar to filings made by executives at companies like Nordstrom (JWN) and Kohl's (KSS).
• The vesting schedule of the restricted stock units is typical, aligning with standard equity compensation practices.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Macy's, Tracy M. Preston, Stock Transactions, Form 4, Executive Compensation, Restricted Stock Units, Beneficial Ownership