Form 4: Richard L. Markee Reports Acquisition of Phantom Stock Units in Macy's, Inc.
SEC Form 4 Filing
Director Richard L. Markee reports acquiring 776 phantom stock units in Macy's, Inc. on September 30, 2024, convertible to common stock upon termination from the Board.
Summary
- Richard L. Markee, a director of Macy's, Inc., filed a Form 4 on October 2, 2024, reporting a transaction.
- On September 30, 2024, Markee acquired 776 phantom stock units.
- These units are convertible to common stock on a 1-for-1 basis upon Markee's termination from the Board of Directors.
- The price is the average of the value of the stock units granted each month during the quarter for which this report is filed, which is $16.1103.
Sentiment
Score: 5
Explanation: This is a routine filing; sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Richard L. Markee acquired 776 phantom stock units. |
| 10/02/2024 | Date of Form 4 filing. |
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