M.NYSEMacy's, INC

Form 4: Macy's Executive Danielle L. Kirgan Reports Stock Transactions

Sentiment:

SEC Form 4

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

Summary

  • On March 25, 2024, Danielle L. Kirgan, EVP, Chief Transformation & HR at Macy's, had 13,694 restricted stock units vest.
  • These units represent the equivalent of 13,694 shares of Macy's common stock.
  • Also on March 25, 2024, Ms. Kirgan disposed of 13,694 shares.
  • On March 26, 2024, Ms. Kirgan sold 7,063 shares of common stock at a weighted average price of $19.4322 to cover tax withholding obligations.
  • Following these transactions, Ms. Kirgan directly owns 318,451 shares of Macy's common stock and 13,695 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they involve a relatively small number of shares compared to the total outstanding shares of Macy's.

Key Dates

DateDescription
03/25/2021Reporting person was granted 54,777 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
03/25/202413,694 restricted stock units vested.
03/26/20247,063 shares of common stock sold at an average price of $19.4322.
03/27/2024Date of signature for the Form 4 filing.

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