Form 4: Macy's SVP and Controller, Paul Griscom, Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Paul Griscom, SVP and Controller of Macy's, Inc., reports the acquisition of 10,517 restricted stock units.
Summary
- On April 3, 2025, Paul Griscom, the SVP and Controller of Macy's, Inc., acquired 10,517 restricted stock units (RSUs).
- Each RSU represents the equivalent of one share of Macy's common stock.
- The RSUs vest in equal installments over four years, with one-fourth vesting on each anniversary of the grant date.
- Following this transaction, Mr. Griscom directly owns 10,517 derivative securities.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating standard compensation practices.
Positives
- The acquisition of restricted stock units by a company executive can be seen as a positive sign, aligning the executive's interests with those of the shareholders.
Future Outlook
The restricted stock units will vest over the next four years, incentivizing the executive to contribute to the company's long-term success.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in the company's securities. This filing indicates that a key executive is being compensated, in part, with company stock, which is a common practice.
Comparison to Industry Standards
- Granting restricted stock units to executives is a common practice among publicly traded companies, including Macy's competitors like Nordstrom and Kohl's, to align management's interests with shareholder value.
- The vesting schedule of one-fourth annually over four years is a standard vesting schedule for RSU grants.
Stakeholder Impact
- The acquisition of restricted stock units by a company executive can positively impact shareholders by aligning the executive's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Date of transaction: Paul Griscom acquired 10,517 restricted stock units. |
| 04/07/2025 | Date of report filing. |
Keywords
Macy's, Paul Griscom, Restricted Stock Units, RSU, Form 4, Insider Trading, Beneficial Ownership, Equity Securities
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