[Form 4] Macy's, Inc. Insider Trading Activity
Richard Clark, a director of Macy's, Inc. (M), reported the conversion of phantom stock units into 1,971 shares of common stock on 09/30/2025. The Form 4 shows these were recorded as an acquisition (A) of 1,971 shares at an average unit value of $13.9573, representing the quarterly average value of the granted stock units.
The filing notes the phantom units convert 1-for-1 to common stock and that settlement of the units in actual shares will occur upon the reporting person's termination from the board. The Form 4 was signed by an attorney-in-fact on behalf of Richard Clark on 10/01/2025.
Richard Clark, un direttore di Macy's, Inc. (M), ha riportato la conversione di unità azionarie fantasma in 1.971 azioni ordinarie il 30/09/2025. Il Modulo 4 mostra che ciò è stato registrato come un'acquisizione (A) di 1.971 azioni a un valore medio unitario di 13,9573 dollari, rappresentando il valore medio trimestrale delle unità azionarie concesse.
La nota di deposito indica che le unità fantasma si convertono 1-for-1 in azioni ordinarie e che il settlement delle unità in azioni effettive avverrà al momento della cessazione del soggetto dal consiglio. Il Modulo 4 è stato firmato da un procuratore-in-fatto per conto di Richard Clark il 01/10/2025.
Richard Clark, un director de Macy's, Inc. (M), informó la conversión de unidades de acciones fantasma en 1.971 acciones ordinarias el 30/09/2025. El Formulario 4 muestra que esto se registró como una adquisición (A) de 1.971 acciones a un valor unitario medio de $13.9573, que representa el valor medio trimestral de las unidades de stock concedidas. La presentación señala que las unidades fantasma se convierten 1-por-1 a acciones ordinarias y que el asentamiento de las unidades en acciones reales ocurrirá al momento de la terminación del responsable en la junta. El Formulario 4 fue firmado por un apoderado en nombre de Richard Clark el 01/10/2025.
Richard Clark, Macy's, Inc. (M)의 이사는 2025년 9월 30일 팬텀 주식 단위가 일반 주식 1,971주로 전환된 것을 보고했습니다. Form 4에는 이것이 1,971주를 평균 단가 $13.9573로 취득(A)으로 기록했으며 이는 부여된 주식 단위의 분기 평균 가치에 해당함을 보여줍니다.
신고서는 팬텀 유닛이 1대1로 일반 주식으로 전환되며 실제 주식으로의 결제는 보고인 이사회에서의 퇴임 시에 이루어질 것이라고 명시합니다. Form 4는 2025년 10월 1일 Richard Clark를 대신하여 대리인에 의해 서명되었습니다.
Richard Clark, directeur chez Macy's, Inc. (M), a indiqué la conversion d'unités d'actions fantômes en 1 971 actions ordinaires le 30/09/2025. Le Formulaire 4 montre que celles-ci ont été enregistrées comme une acquisition (A) de 1 971 actions à une valeur moyenne unitaire de 13,9573 dollars, représentant la valeur moyenne trimestrielle des unités d'actions accordées. Le dépôt note que les unités fantômes se convertissent 1 pour 1 en actions ordinaires et que le règlement des unités en actions réelles aura lieu lors de la cessation du membre du conseil. Le Formulaire 4 a été signé par un mandataire agissant au nom de Richard Clark le 01/10/2025.
Richard Clark, ein Direktor von Macy's, Inc. (M), meldete die Umwandlung von Phantomaktien in 1.971 Stammaktien am 30.09.2025. Das Formular 4 zeigt, dass dies als Erwerb (A) von 1.971 Aktien zu einem durchschnittlichen Stückwert von $13,9573 registriert wurde und den quartalsmäßigen Durchschnittswert der gewährten Aktieneinheiten repräsentiert. Die Einreichung vermerkt, dass Phantomaktien 1‑zu‑1 in Stammaktien umgewandelt werden und die Abwicklung der Einheiten in echte Aktien beim Ausscheiden der meldepflichtigen Person aus dem Vorstand erfolgt. Das Formular 4 wurde am 01.10.2025 von einem Bevollmächtigten im Namen von Richard Clark unterzeichnet.
ريتشارد كلارك، مدير في Macy's, Inc. (M)، أفاد بتحويل وحدات الأسهم الوهمية إلى 1,971 سهماً من الأسهم العادية في 30/09/2025. يوضح النموذج 4 أن هذه المعاملات تم تسجيلها كمقتنى (A) لـ 1,971 سهماً بسعر وحدة متوسط قدره 13.9573 دولاراً، وهو يمثل القيمة المتوسطة الربعية للوحدات الممنوحة من الأسهم. يشير التسجيل إلى أن الوحدات الوهمية تتحول بنسبة 1 إلى 1 إلى أسهم عادية وأن تسوية الوحدات في الأسهم الفعلية ستحدث عند انتهاء عضوية الشخص المُبلغ عنه من المجلس. تم توقيع النموذج 4 من قبل وكيل نيابةً عن ريتشارد كلارك في 01/10/2025.
理查德·克拉克，Macy's, Inc.（M）的董事，报告在2025年9月30日将幻象股票单位转换为1,971股普通股。 Form 4显示这些被记为以每单位平均价值13.9573美元购得的1,971股的获取（A）。该 filing 指出幻象单位1比1转换为普通股，实际以股票结算将于报告人从董事会离任时发生。Form 4于2025年10月1日由理查德·克拉克的代理律师签署。
- Director alignment: Conversion of phantom units into common stock aligns the reporting director's economic interest with shareholders.
- Clear disclosure: Filing specifies conversion ratio (1-for-1), number of shares (1,971), and average per-unit value ($13.9573).
- None.
Insights
TL;DR: Routine director equity conversion; aligns director compensation with shareholders but settlement timing is deferred until board exit.
This Form 4 documents a standard conversion of phantom stock units into 1,971 common shares for a sitting director. The 1-for-1 conversion and the note that settlement occurs upon termination are common features of deferred director compensation designed to retain board members and align incentives with shareholders. There is no indication of accelerated settlement, related-party transactions beyond director status, or unusual pricing mechanics; the per-unit amount reported is an average valuation for the quarter rather than a market trade price.
TL;DR: Transaction is immaterial to company capitalization and appears procedural, not market-moving.
The reported acquisition of 1,971 shares at an average recorded value of $13.9573 is a small, routine issuance tied to phantom unit conversion. The disclosure clarifies that the units will be settled in common stock upon the director's termination, indicating these shares may not yet be delivered. From an investor-impact perspective, the size and nature of the transaction do not suggest material dilution or a change in corporate control.
Richard Clark, un direttore di Macy's, Inc. (M), ha riportato la conversione di unità azionarie fantasma in 1.971 azioni ordinarie il 30/09/2025. Il Modulo 4 mostra che ciò è stato registrato come un'acquisizione (A) di 1.971 azioni a un valore medio unitario di 13,9573 dollari, rappresentando il valore medio trimestrale delle unità azionarie concesse.
La nota di deposito indica che le unità fantasma si convertono 1-for-1 in azioni ordinarie e che il settlement delle unità in azioni effettive avverrà al momento della cessazione del soggetto dal consiglio. Il Modulo 4 è stato firmato da un procuratore-in-fatto per conto di Richard Clark il 01/10/2025.
Richard Clark, un director de Macy's, Inc. (M), informó la conversión de unidades de acciones fantasma en 1.971 acciones ordinarias el 30/09/2025. El Formulario 4 muestra que esto se registró como una adquisición (A) de 1.971 acciones a un valor unitario medio de $13.9573, que representa el valor medio trimestral de las unidades de stock concedidas. La presentación señala que las unidades fantasma se convierten 1-por-1 a acciones ordinarias y que el asentamiento de las unidades en acciones reales ocurrirá al momento de la terminación del responsable en la junta. El Formulario 4 fue firmado por un apoderado en nombre de Richard Clark el 01/10/2025.
Richard Clark, Macy's, Inc. (M)의 이사는 2025년 9월 30일 팬텀 주식 단위가 일반 주식 1,971주로 전환된 것을 보고했습니다. Form 4에는 이것이 1,971주를 평균 단가 $13.9573로 취득(A)으로 기록했으며 이는 부여된 주식 단위의 분기 평균 가치에 해당함을 보여줍니다.
신고서는 팬텀 유닛이 1대1로 일반 주식으로 전환되며 실제 주식으로의 결제는 보고인 이사회에서의 퇴임 시에 이루어질 것이라고 명시합니다. Form 4는 2025년 10월 1일 Richard Clark를 대신하여 대리인에 의해 서명되었습니다.
Richard Clark, directeur chez Macy's, Inc. (M), a indiqué la conversion d'unités d'actions fantômes en 1 971 actions ordinaires le 30/09/2025. Le Formulaire 4 montre que celles-ci ont été enregistrées comme une acquisition (A) de 1 971 actions à une valeur moyenne unitaire de 13,9573 dollars, représentant la valeur moyenne trimestrielle des unités d'actions accordées. Le dépôt note que les unités fantômes se convertissent 1 pour 1 en actions ordinaires et que le règlement des unités en actions réelles aura lieu lors de la cessation du membre du conseil. Le Formulaire 4 a été signé par un mandataire agissant au nom de Richard Clark le 01/10/2025.
Richard Clark, ein Direktor von Macy's, Inc. (M), meldete die Umwandlung von Phantomaktien in 1.971 Stammaktien am 30.09.2025. Das Formular 4 zeigt, dass dies als Erwerb (A) von 1.971 Aktien zu einem durchschnittlichen Stückwert von $13,9573 registriert wurde und den quartalsmäßigen Durchschnittswert der gewährten Aktieneinheiten repräsentiert. Die Einreichung vermerkt, dass Phantomaktien 1‑zu‑1 in Stammaktien umgewandelt werden und die Abwicklung der Einheiten in echte Aktien beim Ausscheiden der meldepflichtigen Person aus dem Vorstand erfolgt. Das Formular 4 wurde am 01.10.2025 von einem Bevollmächtigten im Namen von Richard Clark unterzeichnet.
FAQ
What did Richard Clark report on Macy's (M) Form 4?
When will the converted phantom units be settled into Macy's shares?
What price or valuation was reported for the converted units on the Form 4?
How many shares did the director acquire and on what date?
Was the Form 4 signed by Richard Clark?
