Macy's (M) HR chief nets shares as RSUs vest and taxes paid
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Macy's, Inc. executive vice president and chief HR officer Danielle L. Kirgan reported routine equity compensation activity. On March 31, 2026, 12,864 restricted stock units converted into an equal number of common shares at a conversion price of $0.00 per share. Footnotes state each restricted stock unit equals one share of common stock and that these units were part of a grant made on March 31, 2023, vesting in four equal installments.
On April 1, 2026, she sold 6,573 common shares at a weighted average price of $18.0766 per share to cover tax withholding obligations upon vesting, which the disclosure notes was not a discretionary transaction. Following these events, she directly holds 98,299 shares of common stock and 12,865 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,573 shares ($118,817)
Net Sell
3 txns
Insider
Kirgan Danielle L.
Role
EVP, Chief HR Officer
Sold
6,573 shs ($119K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,573 | $18.0766 | $119K |
| Exercise | Restricted Stock Units | 12,864 | $0.00 | -- |
| Exercise | Common Stock | 12,864 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 98,299 shares (Direct);
Restricted Stock Units — 12,865 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents the equivalent of one share of the Issuer's common stock. 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. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.19, 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. On 3/31/2023, the reporting person was granted 51,457 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
Key Figures
Tax-withholding sale: 6,573 shares at $18.0766
RSUs converted: 12,864 units
Common shares held: 98,299 shares
+2 more
5 metrics
Tax-withholding sale
6,573 shares at $18.0766
Common stock sold on April 1, 2026 to cover tax withholding
RSUs converted
12,864 units
Restricted stock units converted into common stock on March 31, 2026
Common shares held
98,299 shares
Direct common stock ownership after transactions
RSUs remaining
12,865 units
Restricted stock units outstanding after conversion event
RSU grant size
51,457 units
Grant on March 31, 2023 vesting in four equal installments
Key Terms
Restricted Stock Units, tax withholding obligations, weighted average price, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents the equivalent of one share of the Issuer's common stock."
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 obligations financial
"Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of restricted shares"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting in four equal installments financial
"was granted 51,457 restricted stock units vesting in four equal installments"
FAQ
What insider transactions did Macy's (M) EVP Danielle Kirgan report?
Danielle Kirgan reported RSU vesting and related tax sales. 12,864 restricted stock units converted into common shares, and 6,573 shares were sold solely to cover tax withholding, leaving her with significant continuing ownership in Macy’s equity.
How many Macy's (M) restricted stock units vested for Danielle Kirgan?
A total of 12,864 restricted stock units vested and converted into the same number of common shares. Footnotes note these RSUs came from a March 31, 2023 grant that vests in four equal annual installments over the award term.
What are Danielle Kirgan’s Macy's (M) holdings after these transactions?
After the reported transactions, Danielle Kirgan directly holds 98,299 shares of Macy’s common stock and 12,865 restricted stock units. This indicates she retains a sizable equity stake even after selling shares to cover associated tax liabilities from the RSU vesting.