Macy's withholds Olivier Bron shares for taxes
The two RSU awards had separate vesting schedules, and the associated share withholding was described as nondiscretionary.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Macy's, Inc. reported that Olivier Bron, listed as CEO, Bloomingdale's, acquired 18,657 and 3,109 common shares upon the vesting of restricted stock units on November 1, 2026. On November 2, Macy's withheld 10,318 and 1,720 common shares at $24.11 per share for Bron's tax withholding obligation. The footnotes state that the withholdings were not discretionary transactions; the units came from two awards granted November 1, 2023, with separate vesting schedules.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 10,318 | $24.11 | $249K |
| Tax Withholding | Common Stock F3 | 1,720 | $24.11 | $41K |
| Exercise | Restricted Stock Units F1, F4 | 18,657 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F5 | 3,109 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 18,657 | -- | -- |
| Exercise | Common Stock F1 | 3,109 | -- | -- |
Footnotes (5)
- F1. Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
- F2. Withholding by Macy's, Inc. of 10,318 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of restricted stock units and delivery of common stock on November 2, 2026 and does not represent a discretionary transaction by the reporting person.
- F3. Withholding by Macy's, Inc. of 1,720 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of restricted stock units and delivery of common stock on November 2, 2026 and does not represent a discretionary transaction by the reporting person.
- F4. On November 1, 2023, the reporting person was granted 37,313 restricted stock units vesting in two equal installments on November 1, 2025 and November 1, 2026.
- F5. On November 1, 2023, the reporting person was granted 12,437 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
Key Figures
Key Terms
restricted stock units financial
tax withholding obligation financial
vesting financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the vesting schedules for Olivier Bron's Macy's RSU awards?
AI-generated analysis. How Rhea-AI works. Not financial advice.