Form 4: Macy's SVP and Controller Paul Griscom Reports Stock Transactions

Paul Griscom, SVP and Controller of Macy's, reported the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On September 4, 2024, Paul Griscom, SVP and Controller of Macy's, reported the vesting of 4,085 restricted stock units.
• These restricted stock units represent the equivalent of one share of Macy's common stock.
• The restricted stock units were granted on September 4, 2020, and vest in four equal installments beginning on the first anniversary of the grant date.
• On September 5, 2024, Griscom sold 1,201 shares of common stock at a weighted average price of $15.23 to cover tax withholding obligations.
• The sales occurred in multiple transactions at prices ranging from $15.21 to $15.23.
• Following these transactions, Griscom directly owns 29,232 shares of Macy's common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to be significant given the relatively small volume.

Key Dates