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

Danielle L. Kirgan, EVP and Chief HR Officer of Macy's, reports the acquisition and disposal of company stock and restricted stock units.

Summary

• On March 31, 2025, Danielle L. Kirgan, EVP and Chief HR Officer of Macy's, acquired 12,864 shares of common stock at $0 related to restricted stock units.
• On April 1, 2025, Kirgan sold 4,522 shares of common stock at a weighted average price of $12.8828 to cover tax withholding obligations.
• Following these transactions, Kirgan beneficially owns 386,161 shares of Macy's common stock and 25,729 restricted stock units.
• The restricted stock units vest in four equal installments beginning on the first anniversary of the grant date of March 31, 2023.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherently positive or negative implications for the company's overall outlook.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's confidence in the company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
• The sale of shares to cover tax obligations upon vesting is a common practice among executives receiving equity compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.

Key Dates

Keywords

Macy's, Danielle L. Kirgan, Stock Transactions, Form 4, Executive Compensation, Restricted Stock Units, Beneficial Ownership