Terry Lundgren to Sell Macy's Shares

Retailer's ceo registered with the SEC to sell 500,000 Macy’s shares with a market value of $18.8 million.


TERRY’S PAYDAY: Terry J. Lundgren, chairman, president and chief executive officer of Macy’s Inc., has a big payday coming his way. The ceo registered with the Securities and Exchange Commission Thursday to sell 500,000 Macy’s shares with a market value of $18.8 million. He acquired the shares, which were initially issued as stock options, in 2002.

Chief financial officer Karen Hoguet filed to sell 92,000 shares, which she acquired in 2003 and 2009, for $3.5 million.

Macy’s stock closed down 1.8 percent to $36.99 Thursday.

load comments


Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

getIsArchiveOnly= hasAccess=false hasArchiveAccess=false