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

Paul Griscom, SVP and Controller of Macy's, reports the acquisition and disposal of company stock and restricted stock units.

Summary

• On July 9, 2024, Paul Griscom, SVP and Controller of Macy's, acquired 1,131 shares of common stock through the vesting of restricted stock units.
• On July 10, 2024, Griscom sold 336 shares of common stock at a weighted average price of $18.9654 to cover tax withholding obligations.
• Following these transactions, Griscom beneficially owns 26,348 shares of Macy's common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment. It's a neutral disclosure of information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies. It provides transparency into the trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders at publicly traded companies like Macy's, similar to filings made by executives at comparable retailers such as Nordstrom (JWN) and Kohl's (KSS).
• The transactions reported are typical for executives receiving and selling shares related to equity compensation plans, aligning with industry norms for executive compensation and tax obligations.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as they represent routine stock sales for tax purposes by a company executive.

Key Dates