Macy's (M) SVP Paul Griscom exercises RSUs and sells shares for taxes

Rhea-AI Filing Summary

Macy's, Inc. senior vice president and controller Paul Griscom reported routine equity compensation activity. On March 24, 2026, he exercised 1,139 restricted stock units, receiving the same number of common shares, and his common stock holdings increased to 24,518 shares directly owned.

On March 25, 2026, Griscom sold 379 common shares at a weighted average price of $18.7492 per share. According to the disclosure, these shares were sold solely to cover tax withholding obligations upon the vesting of restricted shares and did not represent a discretionary trade. After this sale, he directly held 24,139 common shares.

Insights

Equity compensation analyst

Routine vesting and tax-related sale with small net share change.

Paul Griscom, an officer of Macy's, Inc., exercised 1,139 restricted stock units into common stock and then sold 379 shares at a weighted average of $18.7492 per share to cover tax withholding obligations.

The filing explicitly states the sale was to satisfy taxes upon vesting of restricted shares, not a discretionary market decision. Following these transactions, Griscom directly holds 24,139 common shares, indicating only a modest net increase in his equity exposure.

SEC Form 4

FORM 4

UNITED 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

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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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and Controller

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/24/2026		M		1,139	A	$0(1)	24,518	D
Common Stock	03/25/2026		S		379(2)	D	$18.7492(3)	24,139	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/24/2026		M			1,139	(4)	(4)	Common Stock	1,139	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.

2. Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of restricted shares and does not represent a discretionary transaction by the reporting person.

3. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $18.715 to $18.775, 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.

4. On 3/24/2022, the reporting person was granted 4,554 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 Attorney	03/26/2026
	** Signature of Reporting Person	Date
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)

FAQ

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

Paul Griscom reported exercising 1,139 restricted stock units into Macy's common stock and selling 379 common shares. The sale was specifically disclosed as covering tax withholding obligations related to vested restricted shares, rather than a discretionary open-market trade.

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

After the reported transactions, Paul Griscom directly holds 24,139 shares of Macy's common stock. This reflects the exercise of 1,139 restricted stock units and the tax-related sale of 379 shares, resulting in a relatively small net change in his ownership position.

Was Paul Griscom’s sale of Macy's (M) stock a discretionary transaction?

The sale of 379 Macy's shares was not discretionary. The disclosure states the transaction represented shares sold to cover tax withholding obligations upon the vesting of restricted shares, distinguishing it from a voluntary open-market sale decision by the officer.

At what price were Paul Griscom’s Macy's (M) shares sold?

The 379 Macy's common shares were sold at a weighted average price of $18.7492 per share. The disclosure notes these shares were executed in multiple trades between $18.715 and $18.775, and were solely for satisfying related tax withholding obligations.

What happened to Paul Griscom’s restricted stock units at Macy's (M)?

He exercised 1,139 restricted stock units, each representing one share of Macy's common stock. This followed a 2022 grant of 4,554 restricted stock units vesting in four equal installments, with the exercised portion converting into an equivalent number of common shares.

Does this Macy's (M) insider filing indicate remaining derivative positions for Paul Griscom?

The filing’s derivative summary is empty after the reported exercise, indicating no remaining derivative securities shown in this specific disclosure. The visible activity centers on converting 1,139 restricted stock units into common stock and a small tax-related share sale.