Macy's Inc director was just granted 2,914 restricted shares

Ashley Buchanan, a director of Macy's Inc, just received 2,914 restricted shares from the company. The restricted shares don't become available to Buchanan until such time as they become vested. Buchanan now owns at least 2,914 restricted shares of the company.

Some additional info was provided as follows:

Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
The restricted stock units vest on the earlier of one year from the grant date or the date of the Issuer's next annual meeting of shareholders. The vested shares will be automatically deferred and delivered to the reporting person six months after the reporting person's service on the Issuer's Board of Directors ends.

The abo ve information was disclosed in a filing to the SEC. To see the filing, click here.

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