Spring Antony 4

4 · Macy's, Inc. · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

Macy's CEO Spring Antony Sells 27,451 Shares

What Happened

Spring Antony, Chairman & CEO of Macy's (M), had 53,152 restricted stock units convert to common shares on March 28, 2026 (reported as an exercise/conversion at $0.00). Following the vesting/conversion, 27,451 shares were sold in the open market on March 30, 2026 at a weighted-average price of $17.73, generating approximately $486,800. The filing also records a related disposition of 53,152 derivative shares on March 28 in connection with the conversion/settlement.

Key Details

Transaction dates and prices:
- 2026-03-28: Exercise/conversion — 53,152 shares acquired @ $0.00.
- 2026-03-28: Related disposition of 53,152 derivative shares @ $0.00 (reported as derivative activity).
- 2026-03-30: Open-market sale — 27,451 shares disposed @ weighted avg $17.73 (range $17.5450–$17.8850) for ~$486,800. (Footnote indicates weighted-average price and range.)
Shares owned after transaction: Not specified in this Form 4.
Notable footnotes:
- F1: Each restricted stock unit equals one share.
- F2: The shares sold represent the number sold to cover tax withholding upon vesting and are not a discretionary sale by the reporting person.
- F3: Sale price is a weighted average; per-share sales ranged $17.5450–$17.8850.
- F4: The 53,152 vested shares are one installment from a 3/28/2024 grant of 212,606 RSUs vesting in four equal installments.
Filing timeliness: Transactions dated March 28 (period of report) were filed March 31, 2026 — appears to be within the typical Form 4 reporting window.

Context

These entries reflect RSU vesting and conversion into shares, followed by a partial sale. The sale (per footnote) was to satisfy tax withholding obligations tied to the vesting and is not a discretionary trade, so it should not be interpreted as a directional bet by the insider. Conversions at $0.00 indicate settlement of restricted stock units rather than purchase of options.

Form 4

Period: 2026-03-28

DirectorChairman & CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-28+53,152→ 450,707.106 total
Sale
Common Stock
[F2][F3]
2026-03-30$17.73/sh−27,451$486,800→ 423,256.106 total
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-03-28−53,152→ 106,303 total
→ Common Stock (53,152 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 $17.5450 to $17.8850, 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 March 28, 2024, the reporting person was granted 212,606 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.

Signature

/s/ Steven R. Watts, as attorney-in-fact for Antony Spring pursuant to a Power of Attorney|2026-03-31

1 file