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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.

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Form Type
4

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 Bron Olivier
Role CEO, Bloomingdale's
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 -- --
Holdings After Transaction: Restricted Stock Units — 3,110 contracts (Direct); Common Stock — 31,318 shares (Direct)
Footnotes (5)
  1. F1. Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
Restricted stock units converted 18,657 units November 1, 2026
Restricted stock units converted 3,109 units November 1, 2026
Tax-withholding share price $24.11 per share Common shares withheld November 2, 2026
Common shares withheld 10,318 shares For tax withholding on November 2, 2026
Common shares withheld 1,720 shares For tax withholding on November 2, 2026
Restricted stock units granted 37,313 units Granted November 1, 2023
Restricted stock units granted 12,437 units Granted November 1, 2023
restricted stock units financial
"Each restricted stock unit represents the equivalent of one share"
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 obligation financial
"to satisfy reporting person's tax withholding obligation"
vesting financial
"in connection with the vesting of restricted stock units"
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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many M shares did Macy's withhold for Olivier Bron's RSU taxes?

Macy's withheld 10,318 shares and 1,720 shares of common stock on November 2, 2026, at $24.11 per share, to satisfy Olivier Bron's tax withholding obligation connected with RSU vesting. The footnotes state that each withholding did not represent a discretionary transaction by Bron.

How many M restricted stock units converted into common shares?

On November 1, 2026, 18,657 and 3,109 restricted stock units converted into equivalent numbers of common shares. Each restricted stock unit represents the equivalent of one share of Macy's common stock.

What were the vesting schedules for Olivier Bron's Macy's RSU awards?

The 37,313 RSUs granted November 1, 2023 vested in two equal installments on November 1, 2025 and November 1, 2026. A separate grant of 12,437 RSUs on November 1, 2023 vested in four equal installments beginning on the first anniversary of the grant date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Bron Olivier

(Last)(First)(Middle)
C/O MACY'S, INC.
151 WEST 34TH STREET

(Street)
NEW YORK NEW YORK 10001

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CEO, Bloomingdale's
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock11/01/2026M18,657A(1)40,247D
Common Stock11/01/2026M3,109A(1)43,356D
Common Stock11/02/2026F10,318(2)D$24.1133,038D
Common Stock11/02/2026F1,720(3)D$24.1131,318D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)11/01/2026M18,657 (4) (4)Common Stock18,657$00D
Restricted Stock Units(1)11/01/2026M3,109 (5) (5)Common Stock3,109$03,110D
Explanation of Responses:
1. Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
2. 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.
3. 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.
4. 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.
5. 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.
Remarks:
/s/ Steven R. Watts, as attorney-in-fact for Olivier Bron pursuant to a Power of Attorney11/02/2026
** Signature of Reporting PersonDate
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)

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