Form 4: Macy's SVP and Controller, Paul Griscom, Reports Acquisition of Restricted Stock Units

Paul Griscom, SVP and Controller of Macy's, Inc., reports the acquisition of 6,003 restricted stock units.

Summary

• On March 28, 2024, Paul Griscom, the SVP and Controller of Macy's, Inc., acquired 6,003 restricted stock units (RSUs).
• Each RSU represents the equivalent of one share of Macy's common stock.
• The RSUs vest in equal installments of one-fourth on the first, second, third, and fourth anniversaries of the grant date.
• Following the transaction, Mr. Griscom directly owns 6,003 shares of Macy's common stock represented by the RSUs.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock-based compensation, neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests. This filing indicates compensation in the form of stock awards.

Stakeholder Impact

• The granting of restricted stock units aligns management's interests with those of shareholders by incentivizing them to increase the company's stock value.

Key Dates