Form 4: Macy's EVP, Chief HR Officer Danielle L. Kirgan Reports Stock Transactions

Danielle L. Kirgan, EVP and Chief HR Officer of Macy's, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On July 9, 2024, Danielle L. Kirgan, EVP and Chief HR Officer of Macy's, Inc., had restricted stock units vest, converting into 47,512 shares of common stock.
• Following the vesting, Kirgan sold 24,147 shares on July 10, 2024, at a weighted average price of $18.9553 per share to cover tax withholding obligations.
• After these transactions, Kirgan directly owns 348,000 shares of Macy's common stock.
• The restricted stock units were granted on July 9, 2020, vesting in four equal installments starting on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice among publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like Macy's.
• Similar filings are regularly made by executives at comparable retailers such as Nordstrom, Kohl's, and Target.
• The vesting and subsequent sale of shares to cover tax obligations is a standard practice in executive compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive stock activity.
• Shareholders may view the disclosure as part of the company's commitment to transparency.

Key Dates