M.NYSEMacy's, INC

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

Sentiment:

SEC Form 4 Filing

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

Summary

  • On March 25, 2024, Paul Griscom, SVP and Controller of Macy's, had 3,043 restricted stock units vest.
  • These restricted stock units represent the equivalent of one share of Macy's common stock each.
  • Following the vesting, Griscom sold 918 shares on March 26, 2024, at a weighted average price of $19.4325 to cover tax withholding obligations.
  • The sales occurred in multiple transactions with prices ranging from $19.315 to $19.55.
  • After these transactions, Griscom beneficially owns 24,360 shares of Macy's common stock and 3,043 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the small volume of shares sold by the reporting person.

Key Dates

DateDescription
03/25/2021Reporting person was granted 12,172 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
03/25/20243,043 restricted stock units vested.
03/26/2024918 shares were sold at an average price of $19.4325.
03/27/2024Date of the signature of the report.

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