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

Paul Griscom, SVP and Controller of Macy's, reports the acquisition and disposal of Macy's common stock and restricted stock units related to vesting and tax obligations.

Summary

• On March 27, 2025, Paul Griscom acquired 3,032 shares of Macy's common stock related to the settlement of performance restricted stock units.
• Also on March 27, 2025, 87 shares were withheld by Macy's to cover tax obligations related to the vesting of accrued dividends on performance restricted stock units.
• On March 28, 2025, Griscom sold 942 shares at a weighted average price of $12.7727 to cover tax withholding obligations.
• Additionally, on March 28, 2025, 1,500 restricted stock units were exercised, converting into common stock.
• On March 31, 2025, Griscom sold 444 shares at a weighted average price of $12.6737 to cover tax withholding obligations.
• Following these transactions, Griscom beneficially owns 34,996 shares of Macy's common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like Target (TGT) and Walmart (WMT) also have their executives and directors file similar Form 4 documents when they engage in transactions involving their company's stock.
• The reporting requirements and timelines are consistent across all companies subject to Section 16(a) of the Securities Exchange Act of 1934.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased volume of shares being traded.
• Employees holding similar stock-based compensation may be interested in the details of these transactions for personal financial planning.

Key Dates

Keywords

Macy's, Paul Griscom, Stock Transactions, Form 4, Restricted Stock Units, Tax Withholding, Beneficial Ownership