Griscom Paul 4
4 · Macy's, Inc. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Macy's (M) SVP Paul Griscom Receives 1,139 Shares; Sells 379
What Happened
Paul Griscom, Senior Vice President and Controller of Macy's, had 1,139 restricted stock units (RSUs) vest on March 24, 2026; those RSUs converted into 1,139 shares of Macy's common stock (no exercise price). On March 25, 2026 he sold 379 of those shares in an open‑market sale at a weighted average price of $18.75, generating proceeds of approximately $7,106. The remaining 760 shares from the vesting were retained.
Key Details
- Transaction dates: RSU vesting/conversion on 2026-03-24; open‑market sale on 2026-03-25. Form filed 2026-03-26 (timely).
- Conversion (derivative exercise): 1,139 shares acquired via RSU vesting at $0 exercise price.
- Sale: 379 shares disposed in the open market at a weighted average price of $18.75 for total proceeds ≈ $7,106. Prices ranged from $18.715 to $18.775.
- Shares remaining from this vesting: 760 (1,139 vested − 379 sold).
- Footnotes: F2 notes the 379‑share sale was to cover tax withholding on vesting (not a discretionary sale). F1/F4 explain each RSU equals one share and the award was from a 3/24/2022 grant of 4,554 RSUs vesting in four equal annual installments.
- Filing timeliness: No late filing indicated.
Context
This was primarily an RSU vesting (award conversion) with a routine sale to satisfy tax withholding—common practice and not necessarily a signal of sentiment. The RSU conversion shows $0 exercise price because RSUs simply convert to shares when they vest; the partial sale to cover taxes is routine, not a discretionary sell for investment reasons.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-24+1,139→ 24,518 total - Sale
Common Stock
[F2][F3]2026-03-25$18.75/sh−379$7,106→ 24,139 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-24−1,139→ 0 total→ Common Stock (1,139 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
- [F2]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.
- [F3]The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $18.715 to $18.775, 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.
- [F4]On 3/24/2022, the reporting person was granted 4,554 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.