Form 4: Richard L. Markee Reports Changes in Beneficial Ownership of Macy's, Inc. Stock
SEC Form 4 Filing
Director Richard L. Markee reports acquisition and disposal of Macy's, Inc. phantom stock units settled in common stock upon termination from the Board.
Summary
- Richard L. Markee, a director of Macy's, Inc., filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of Macy's stock.
- On June 30, 2024, Markee acquired 654 phantom stock units.
- These units are to be settled in common stock upon his termination from the Board of Directors.
- The price noted is the average of the value of the stock units granted each month during the quarter for which this report is filed.
- Markee also disposed of 654 phantom stock units.
- Following these transactions, Markee beneficially owns 654 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing, indicating standard insider transactions. It doesn't inherently suggest positive or negative sentiment.
Future Outlook
The phantom stock units will be settled in common stock upon the Reporting Person's termination from the Board of Directors.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about changes in beneficial ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of transaction involving phantom stock units. |
| 07/02/2024 | Date of signature for the report. |
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