Form 4: Macy's SVP & Controller Sells Shares Under 10b5-1 Plan

Macy's Senior Vice President and Controller, Paul Griscom, reported the sale of 12,843 shares of common stock at $17.2601 per share.

Summary

• Paul Griscom, the Senior Vice President and Controller of Macy's, Inc., reported a transaction involving the company's common stock.
• The transaction, which occurred on September 11, 2025, was a sale of 12,843 shares of Common Stock.
• The shares were sold at a price of $17.2601 per share.
• Following this reported transaction, Paul Griscom beneficially owns 23,379 shares of Macy's Common Stock directly.
• The sale was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading strategy.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of an insider stock transaction, which is neutral in sentiment, especially given it was executed under a 10b5-1 plan, indicating a pre-scheduled event rather than a reaction to new information.

Positives

• The transaction was made pursuant to a Rule 10b5-1(c) plan, which indicates a pre-arranged, non-discretionary sale, mitigating concerns about opportunistic insider selling based on material non-public information.

Negatives

• An insider sale, even if pre-planned, reduces the insider's direct equity stake in the company.

Risks

• Potential for negative market perception if the sale is misinterpreted as a lack of confidence in the company's future, despite the existence of a 10b5-1 plan.

Industry Context

This Form 4 filing reports a routine insider transaction, common across all industries, where an executive sells a portion of their company stock, often for personal financial planning or diversification, especially when executed under a pre-arranged 10b5-1 plan. Such transactions are a standard part of executive compensation and personal financial management.

Corporate Governance

Stakeholder Impact

• Shareholders: The sale by a senior executive could be viewed with slight caution, though the 10b5-1 plan mitigates concerns about a lack of confidence in the company's future performance, suggesting the sale is for personal financial planning rather than a bearish outlook.

Key Dates

Keywords

Macy's, M, Paul Griscom, insider sale, Form 4, 10b5-1 plan, common stock, SVP Controller