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Macy's (M) SVP Paul Griscom reports RSU grant and tax-driven share sale

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Macy's, Inc. senior vice president and controller Paul Griscom reported several equity-related transactions. He received 10,392 shares of common stock on March 26, 2026 from the settlement of performance restricted stock units granted in 2023, with the amount including 1,187 dividend shares accrued over the 2023–2025 performance period. On the same date, he was granted 6,489 restricted stock units, which will vest in four equal installments beginning on the first anniversary of the grant. To satisfy tax withholding obligations tied to the vesting, 339 shares were withheld by Macy's and 2,919 shares were sold at a weighted average price of $17.9184 per share; footnotes state these dispositions were not discretionary transactions. Following these transactions, Griscom directly holds 31,273 shares of Macy's common stock.

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Insider Griscom Paul
Role SVP and Controller
Sold 2,919 shs ($52K)
Type Security Shares Price Value
Sale Common Stock 2,919 $17.9184 $52K
Grant/Award Restricted Stock Units 6,489 $0.00 --
Grant/Award Common Stock 10,392 $0.00 --
Tax Withholding Common Stock 339 $18.49 $6K
Holdings After Transaction: Common Stock — 31,273 shares (Direct); Restricted Stock Units — 6,489 shares (Direct)
Footnotes (1)
  1. Settlement of performance restricted stock units granted March 31, 2023 following the 3-year (fiscal 2023 - 2025) performance period. Number includes 1,187 dividend shares accrued during the performance period. Withholding by Macy's, Inc. of 339 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of performance restricted stock units and delivery of common stock on March 26, 2026 and does not represent a discretionary transaction by the reporting person. Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of performance restricted shares and does not represent a discretionary transaction by the reporting person. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $17.8450 to $18.0300, inclusive. The reporting person undertakes to provide to Macy's, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to the Form 4. Each restricted stock unit represents the equivalent of one share of the Issuer's common stock. On March 26, 2026, the reporting person was granted 6,489 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
Shares sold for taxes 2,919 shares at $17.9184 Common stock sold March 27, 2026 to cover tax withholding
Shares withheld for taxes 339 shares at $18.49 Common stock withheld March 26, 2026 for tax obligation
Performance RSU settlement 10,392 shares Common stock delivered March 26, 2026 after 2023–2025 performance period
New RSU grant 6,489 RSUs Restricted stock units granted March 26, 2026, vesting over four years
Post-transaction holdings 31,273 shares Direct common stock ownership after March 27, 2026 sale
Sale price range $17.8450–$18.0300 Price range for multiple sale transactions on March 27, 2026
performance restricted stock units financial
"Settlement of performance restricted stock units granted March 31, 2023 following the 3-year performance period"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
restricted stock units financial
"On March 26, 2026, the reporting person was granted 6,489 restricted stock units vesting in four equal installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"Withholding by Macy's, Inc. of 339 shares of common stock to satisfy reporting person's tax withholding obligation"
weighted average price financial
"The price reported in Column 4 is the weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
dividend shares financial
"Number includes 1,187 dividend shares accrued during the performance period"
Dividend shares are additional company shares issued to shareholders as a payout instead of cash, effectively increasing the number of shares you own without a purchase. They matter to investors because they raise your ownership stake and potential future income from the stock, change how gains and income are taxed, and can signal a company’s approach to returning value — like receiving extra slices of pizza now rather than money to spend.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Griscom Paul
(Last)(First)(Middle)
C/O MACY'S, INC.
145 PROGRESS PLACE
(Street)
SPRINGDALE OHIO 45246
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Macy's, Inc. [ M ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP and Controller
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/26/2026A10,392(1)A$034,531D
Common Stock03/26/2026F339(2)D$18.4934,192D
Common Stock03/27/2026S2,919(3)D$17.9184(4)31,273D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(5)03/26/2026A6,489 (6) (6)Common Stock6,489$06,489D
Explanation of Responses:
1. Settlement of performance restricted stock units granted March 31, 2023 following the 3-year (fiscal 2023 - 2025) performance period. Number includes 1,187 dividend shares accrued during the performance period.
2. Withholding by Macy's, Inc. of 339 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of performance restricted stock units and delivery of common stock on March 26, 2026 and does not represent a discretionary transaction by the reporting person.
3. Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of performance restricted shares and does not represent a discretionary transaction by the reporting person.
4. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $17.8450 to $18.0300, inclusive. The reporting person undertakes to provide to Macy's, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to the Form 4.
5. Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
6. On March 26, 2026, the reporting person was granted 6,489 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
Remarks:
/s/ Steven R. Watts, as attorney-in-fact for Paul Griscom pursuant to a Power of Attorney03/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Macy's (M) SVP Paul Griscom report?

Paul Griscom reported settlement of performance restricted stock units into 10,392 common shares, a new grant of 6,489 restricted stock units, and related tax transactions where 339 shares were withheld and 2,919 shares were sold to cover tax obligations.

How many Macy's (M) shares does Paul Griscom hold after these Form 4 transactions?

After the reported transactions, Paul Griscom directly holds 31,273 shares of Macy’s common stock. This figure reflects the net position following the settlement of performance units, the new equity grant, and the tax-related share withholding and sale.

Were Paul Griscom’s Macy’s (M) share sales discretionary trades?

The filing states the 2,919 shares sold and 339 shares withheld were to cover tax withholding obligations upon vesting of performance restricted stock and are not discretionary transactions, meaning they were executed to meet tax requirements rather than as elective open-market sales.

What is the size and vesting schedule of Paul Griscom’s new Macy's (M) RSU grant?

On March 26, 2026, Paul Griscom received a grant of 6,489 restricted stock units. According to the filing, these RSUs vest in four equal installments, beginning on the first anniversary of the grant date and continuing annually thereafter until fully vested.

At what price were Paul Griscom’s Macy's (M) shares sold in the Form 4 filing?

The 2,919 Macy’s common shares sold to cover tax obligations were executed at a weighted average price of $17.9184 per share, with individual trades occurring within a reported range of $17.8450 to $18.0300 according to the detailed footnote disclosure.