Form 4: Macy's EVP Danielle Kirgan Reports Stock Transactions
Statement of Changes in Beneficial Ownership
EVP and Chief HR Officer Danielle Kirgan acquired and sold Macy's common stock to satisfy tax obligations related to restricted stock unit vesting.
Summary
- Danielle L. Kirgan, EVP and Chief HR Officer at Macy's, Inc., acquired 12,864 shares of common stock on March 31, 2026, through the vesting of restricted stock units.
- On April 1, 2026, Kirgan sold 6,573 shares at a weighted average price of $18.0766 per share.
- The sale was conducted specifically to cover tax withholding obligations associated with the vesting event.
- Following these transactions, Kirgan maintains a direct beneficial ownership of 98,299 shares of Macy's common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the transaction is a routine administrative action related to executive compensation and tax obligations rather than a discretionary market move.
Positives
- The transaction reflects the vesting of long-term equity compensation, aligning executive interests with shareholder value.
Negatives
- The sale of shares, even for tax purposes, reduces the executive's total direct equity stake in the company.
Risks
- Market volatility impacting the value of equity-based compensation for executives.
Future Outlook
No forward-looking guidance or strategic outlook was provided in this regulatory filing.
Industry Context
StockSavvy.ai notes that this filing is a routine disclosure of executive equity management, common in the retail sector where equity-based compensation is a standard component of executive remuneration packages.
Comparison to Industry Standards
- The transaction follows standard corporate governance practices for handling tax obligations related to equity vesting.
- The use of weighted average pricing for tax-related sales is consistent with standard reporting requirements for large-cap retail companies.
Stakeholder Impact
- Minimal impact on shareholders as the transaction was non-discretionary and related to tax obligations.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 03/31/2023 | Original grant date of the restricted stock units. |
| 03/31/2026 | Vesting date of restricted stock units and acquisition of shares. |
| 04/01/2026 | Date of sale of shares to cover tax withholding. |
| 04/02/2026 | Filing date of the Form 4. |
Keywords
Macy's, Insider Trading, Form 4, Equity Compensation, Retail, Executive Compensation
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