William H Lenehan, a director of Macy's Inc, just received 1,041 restricted shares from the company. The restricted shares don't become available to Lenehan until such time as they become vested. Lenehan now owns at least 1,041 restricted shares of the company.
Some additional info was provided as follows:
1-for-1 conversion.
Units are to be settled in Common Stock upon the Reporting Person's 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.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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