Saturday, 14 May 2011

Macy's CEO Lundgren sells $8.8M in stock

Macy's Inc. CEO Terry Lundgren sold a block of company stock for $8.8 million, according to a filing with the Securities and Exchange Commission.
Lundgren sold 306,976 Macy's shares, according to the filing. He received the block of stock through his 1995 executive equity incentive plan.
Seven other Macy's (NYSE: M) executives and directors also sold blocks of company stock, including:
? Thomas Cole, executive officer, sold 164,930 shares for $4.72 million;
? Timothy Adams, executive officer, sold 39,071 shares for...

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