Macy's (NYSE: M) SVP covers tax obligations by selling vested shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Macy's, Inc. senior vice president and controller Paul Griscom reported routine equity compensation activity. On April 3, he converted 2,629 restricted stock units into the same number of common shares at a stated price of $0.00 per share and continued to hold 7,888 restricted stock units afterward.
On April 6, Griscom sold 745 common shares at a weighted average price of $17.924 per share, with sale prices ranging from $17.85 to $17.97, solely to cover tax withholding obligations upon the vesting of restricted shares. Following these transactions, he directly owns 35,450 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 745 shares ($13,353)
Net Sell
3 txns
Insider
Griscom Paul
Role
SVP and Controller
Sold
745 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 745 | $17.924 | $13K |
| Exercise | Restricted Stock Units | 2,629 | $0.00 | -- |
| Exercise | Common Stock | 2,629 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,450 shares (Direct);
Restricted Stock Units — 7,888 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 $17.97, 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 10,517 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
Key Figures
Shares sold for tax withholding: 745 shares
Weighted average sale price: $17.924 per share
RSUs converted to common stock: 2,629 units/shares
+4 more
7 metrics
Shares sold for tax withholding
745 shares
Open-market sale on April 6, 2026 to cover tax obligations
Weighted average sale price
$17.924 per share
745 shares sold in trades from $17.85 to $17.97
RSUs converted to common stock
2,629 units/shares
Restricted stock units converted on April 3, 2026 at $0.00
Common shares held after transactions
35,450 shares
Direct ownership following April 2026 transactions
RSUs held after conversion
7,888 units
Restricted stock units remaining after 2,629 converted
Prior RSU grant size
10,517 units
Grant on April 3, 2025 vesting in four equal installments
Sale price range
$17.85–$17.97
Price range for multiple sale transactions on April 6, 2026
Key Terms
restricted stock units, tax withholding obligations, weighted average price, derivative security, +1 more
5 terms
restricted stock units financial
"On April 3, 2025, the reporting person was granted 10,517 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 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. These shares were sold in multiple transactions"
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
"transaction_code_description": "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 financial
"grant of 10,517 restricted stock units vesting in four equal installments beginning on the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Macy's (M) SVP Paul Griscom report?
Paul Griscom reported converting 2,629 restricted stock units into common stock and selling 745 common shares. The sale was made to cover tax withholding obligations tied to vesting, and he continues to hold 35,450 common shares and 7,888 unvested restricted stock units.
What restricted stock unit activity did Macy's (M) report for Paul Griscom?
Macy's reported that 2,629 restricted stock units converted into the same number of common shares at a stated price of $0.00 per share. A footnote notes a prior grant of 10,517 restricted stock units on April 3, 2025, vesting in four equal annual installments.