Form 4: Macy's SVP and Controller Paul Griscom Reports Stock Transactions
SEC Form 4 Filing
Paul Griscom, SVP and Controller of Macy's, reports the acquisition and disposal of common stock and restricted stock units related to vesting and tax obligations.
Summary
- On March 24, 2025, Paul Griscom, SVP and Controller of Macy's, acquired 1,138 shares of common stock and disposed of 400 shares at a weighted average price of $13.7357.
- On March 25, 2025, Griscom acquired 3,043 shares of common stock and disposed of 1,076 shares at a weighted average price of $13.2762.
- These transactions involved the vesting of restricted stock units and sales to cover tax withholding obligations.
- Following these transactions, Griscom directly owns 31,937 shares of Macy's common stock and 1,139 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This Form 4 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.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
- Similar filings are made by executives at comparable retailers like Nordstrom (JWN) and Kohl's (KSS) when they trade their company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Reporting person was granted 4,554 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date. |
| 03/25/2021 | Reporting person was granted 12,172 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date. |
| 03/24/2025 | Acquisition of 1,138 shares of common stock through vesting of restricted stock units. |
| 03/25/2025 | Sale of 400 shares of common stock at an average price of $13.7357; Acquisition of 3,043 shares of common stock through vesting of restricted stock units. |
| 03/26/2025 | Sale of 1,076 shares of common stock at an average price of $13.2762. |
Keywords
Macy's, Paul Griscom, stock, restricted stock units, Form 4, insider trading, transactions
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