Form 4: Macy's Executive Sells Shares to Cover Taxes
Statement of Changes in Beneficial Ownership
Macy's SVP and Controller Paul Griscom sold shares to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- Paul Griscom, SVP and Controller of Macy's, Inc., reported transactions involving Macy's common stock.
- On April 3, 2026, 2,629 restricted stock units were acquired, representing an equivalent of 2,629 shares of common stock.
- On April 6, 2026, 745 shares were disposed of at a weighted average price of $17.924 to cover tax withholding obligations upon the vesting of restricted shares.
- Following these transactions, Mr. Griscom beneficially owns 35,450 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as the transaction is a standard procedure for executives to cover tax liabilities on vested equity compensation and does not inherently signal a change in the executive's confidence in the company.
Positives
- The sale of shares was to cover tax withholding obligations, indicating that the executive is meeting their tax liabilities.
- The executive still beneficially owns a significant number of shares (35,450) after the transaction.
Negatives
- A portion of the executive's equity compensation (745 shares) was sold, which could be perceived as a reduction in their direct stake in the company.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The sale of shares by an executive to cover tax obligations upon vesting of restricted stock units is a common practice and not necessarily indicative of a negative view on the company's future prospects.
Stakeholder Impact
- Shareholders: The sale of shares by an executive to cover taxes is a routine event and is unlikely to have a significant direct impact on the share price or overall shareholder value, beyond the minor dilution from the sale of 745 shares.
Key Dates
| Date | Description |
|---|---|
| 04/03/2026 | Date of acquisition of restricted stock units and earliest transaction date. |
| 04/06/2026 | Date of share disposition to cover tax withholding obligations. |
| 04/07/2026 | Date of signature for the filing. |
Keywords
Macy's, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding, Executive Compensation, SEC Filing
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