Form 4: Macy's EVP Danielle L. Kirgan Reports Stock Transactions
SEC Form 4 Filing
Danielle L. Kirgan, EVP and Chief HR Officer of Macy's, Inc., reports transactions involving common stock and restricted stock units.
Summary
- On March 27, 2025, Danielle L. Kirgan settled performance restricted stock units, acquiring 13,664 shares of Macy's common stock.
- Also on March 27, 2025, 486 shares were withheld by Macy's to cover tax obligations related to the vesting of accrued dividends.
- On March 28, 2025, Kirgan sold 4,582 shares at a weighted average price of $12.7736 to cover tax withholding obligations.
- Additionally, on March 28, 2025, 11,255 restricted stock units vested.
- On March 31, 2025, Kirgan sold 4,099 shares at a weighted average price of $12.6811 to cover tax withholding obligations.
- Following these transactions, Kirgan beneficially owns 377,819 shares of Macy's common stock and 33,767 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is standard practice for publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for officers and directors of publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
- Similar filings are made by executives at comparable retailers like Nordstrom (JWN) and Kohl's (KSS) when they engage in transactions involving their company's stock.
- The reporting requirements ensure transparency and prevent insider trading, aligning with global benchmarks for corporate governance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
- Employees may be interested in the stock transactions of company executives as an indicator of company performance and executive confidence.
Key Dates
| Date | Description |
|---|---|
| 2022-03-24 | Date of grant for performance restricted stock units that settled on March 27, 2025, following a 3-year performance period (fiscal 2022-2024). |
| 2024-03-28 | Date the reporting person was granted 45,022 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date. |
| 2025-03-27 | Settlement of performance restricted stock units and withholding of shares for tax obligations. |
| 2025-03-28 | Sale of shares to cover tax withholding obligations and vesting of restricted stock units. |
| 2025-03-31 | Sale of shares to cover tax withholding obligations. |
Keywords
Macy's, Kirgan, Stock Transactions, Form 4, Restricted Stock Units, Beneficial Ownership, Tax Withholding
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