Macy's (M) SVP Paul Griscom vests RSUs and sells shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Macy's, Inc. SVP and Controller Paul Griscom reported routine equity compensation activity. On March 31, 2026, he exercised 1,715 restricted stock units, receiving the same number of common shares at a conversion price of $0.00 per share.
On April 1, 2026, he sold 490 common shares at a weighted average price of $18.0757 per share to cover tax withholding obligations upon the vesting of restricted shares, which the filing notes was not a discretionary transaction. After these transactions, he directly holds 33,566 common shares and 1,716 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 490 shares ($8,857)
Net Sell
3 txns
Insider
Griscom Paul
Role
SVP and Controller
Sold
490 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 490 | $18.0757 | $9K |
| Exercise | Restricted Stock Units | 1,715 | $0.00 | -- |
| Exercise | Common Stock | 1,715 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 33,566 shares (Direct);
Restricted Stock Units — 1,716 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 6,861 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
Key Figures
Shares sold for taxes: 490 shares
Weighted average sale price: $18.0757 per share
RSUs exercised: 1,715 units
+4 more
7 metrics
Shares sold for taxes
490 shares
Common stock sale on April 1, 2026 to cover tax withholding
Weighted average sale price
$18.0757 per share
Price for 490 Macy's common shares sold April 1, 2026
RSUs exercised
1,715 units
Restricted stock units converted to common stock on March 31, 2026
Conversion price
$0.00 per share
Exercise/conversion price for 1,715 restricted stock units
Shares owned after transactions
33,566 shares
Direct Macy's common stock holdings following reported trades
RSUs remaining
1,716 units
Restricted stock units held after March 31, 2026 activity
Original RSU grant
6,861 units
Restricted stock units granted on March 31, 2023, vesting in four annual installments
Key Terms
Restricted Stock Units, tax withholding obligations, weighted average price, derivative security, +1 more
5 terms
Restricted Stock Units financial
"On 3/31/2023, the reporting person was granted 6,861 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."
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.
non-derivative financial
"transaction_type": "non-derivative""
FAQ
What insider transactions did Macy's (M) SVP and Controller Paul Griscom report?
Paul Griscom reported exercising 1,715 restricted stock units into common stock and selling 490 common shares. The sale was explicitly described as solely to cover tax withholding obligations tied to vesting, rather than a discretionary open-market sale.
What restricted stock unit activity did Macy's (M) disclose for Paul Griscom?
The filing shows he exercised 1,715 restricted stock units into the same number of common shares at a $0.00 conversion price. A footnote also notes a 6,861-unit grant on March 31, 2023, vesting in four equal annual installments from the grant date.