MARKEE RICHARD L 4
Research Summary
AI-generated summary
Macy's (M) Director Richard Markee Receives 8,348 RSU Award
What Happened Richard L. Markee, a director of Macy's, was granted 8,348 restricted stock units (RSUs) on June 5, 2026. The award was recorded at a $0 purchase price (no cash paid) and is reported as a derivative award rather than an open‑market purchase or sale. This is a compensation award, not an immediate purchase or sale of common stock.
Key Details
- Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (filing appears timely).
- Transaction type/code: Award/Grant (derivative).
- Amount: 8,348 RSUs granted at $0.00 per unit.
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- Each RSU equals one share of Macy's common stock (F1).
- RSUs vest on the earlier of one year from grant or the issuer's next annual meeting; vested shares will be automatically deferred and delivered six months after the reporting person's service on the Board ends (F2).
Context Director RSU grants are a routine form of equity compensation and do not represent an immediate stock purchase or sale. The award will convert to actual shares only upon vesting and subject to the deferral/delivery rules noted above. This filing does not indicate trading intent or market sentiment.