Macy's, Inc. (NYSE: M) CEO exercises RSUs, sells shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Macy's, Inc. Chairman & CEO Antony Spring reported routine equity compensation activity. On April 3, 2026, 98,597 restricted stock units vested and were converted into the same number of common shares at $0.00 per share. To cover tax withholding obligations from this vesting, he sold 50,044 common shares at a weighted average price of $17.9239 per share, which the filing states was not a discretionary transaction. Following these transactions, he directly holds about 485,791 common shares and 295,793 unvested restricted stock units from the original 394,390-unit grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 50,044 shares ($896,984)
Net Sell
3 txns
Insider
Spring Antony
Role
Chairman & CEO
Sold
50,044 shs ($897K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 50,044 | $17.9239 | $897K |
| Exercise | Restricted Stock Units | 98,597 | $0.00 | -- |
| Exercise | Common Stock | 98,597 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 485,791.106 shares (Direct);
Restricted Stock Units — 295,793 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 $17.85 to $17.98, 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 April 3, 2025, the reporting person was granted 394,390 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
Key Figures
Shares sold for taxes: 50,044 shares
Weighted average sale price: $17.9239 per share
RSUs vested: 98,597 units
+3 more
6 metrics
Shares sold for taxes
50,044 shares
Common stock sold to cover tax withholding
Weighted average sale price
$17.9239 per share
Price for 50,044-share sale
RSUs vested
98,597 units
Restricted stock units converting into common stock
Shares held after transactions
485,791.1058 shares
Direct common stock ownership post-transaction
Unvested RSUs remaining
295,793 units
Remaining from 394,390-unit RSU grant
Original RSU grant
394,390 units
Grant on April 3, 2025 vesting in four installments
Key Terms
restricted stock units, tax withholding obligations, weighted average price, derivative security
4 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
"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.
FAQ
What did Macy's (M) CEO Antony Spring report in this Form 4 filing?
Antony Spring reported vesting of 98,597 restricted stock units that converted into common shares at $0.00 per share. He also reported a related sale of 50,044 shares to satisfy tax withholding obligations tied to this vesting, described as non-discretionary.
How many Macy's (M) restricted stock units vested for the CEO?
A total of 98,597 restricted stock units vested for the CEO, each representing one share of Macy’s common stock. These units came from a prior grant of 394,390 units scheduled to vest in four equal installments starting on April 3, 2025, leaving three installments unvested.
What was the original Macy's (M) restricted stock unit grant to the CEO?
On April 3, 2025, the CEO received a grant of 394,390 restricted stock units, vesting in four equal installments. The current Form 4 reflects one installment of 98,597 units vesting, with 295,793 units remaining scheduled for future vesting under the grant’s terms.