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

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

Summary

• Paul Griscom, SVP and Controller of Macy's, Inc., reported transactions involving the company's common stock.
• On March 24, 2026, 1,139 shares of common stock were acquired upon the vesting of restricted stock units (RSUs) at a price of $0.
• These RSUs were part of a grant of 4,554 units on March 24, 2022, vesting in four equal installments.
• On March 25, 2026, 379 shares of common stock were sold at a weighted average price of $18.7492.
• This sale was specifically to cover tax withholding obligations related to the vesting of restricted shares and was not a discretionary transaction.
• Following these transactions, Paul Griscom directly beneficially owns 24,139 shares of Macy's common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine for equity compensation and tax obligations, not signaling any significant change in company fundamentals or insider sentiment.

Positives

• The sale of shares was explicitly stated as non-discretionary, solely to cover tax withholding obligations, which is a common practice for RSU vesting.
• The reporting person continues to hold a significant number of shares (24,139), indicating continued alignment with shareholder interests.

Negatives

• A portion of shares were sold, reducing the direct beneficial ownership from 24,518 to 24,139 shares.

Industry Context

StockSavvy.ai notes that insider transaction disclosures like this Form 4 are routine for executives receiving equity compensation. The sale to cover taxes is a standard practice and generally not indicative of a change in sentiment towards the company's prospects, especially when the executive retains a substantial holding.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding executive stock ownership and compensation practices, which is generally positive for shareholder confidence.
• Employees: The vesting of RSUs is part of executive compensation, aligning executive interests with company performance.

Key Dates

Recommendation

The filing details a routine insider transaction involving the vesting of restricted stock units and a subsequent non-discretionary sale to cover tax obligations. This type of transaction does not provide new fundamental information about Macy's Inc. that would warrant a change in investment recommendation. The executive retains a significant holding, suggesting continued alignment with company performance. Therefore, a 'hold' recommendation is appropriate as this filing does not present a catalyst for either buying or selling.

Keywords

Macy's, M, Paul Griscom, SVP Controller, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Stock Sale, Tax Withholding