Kirgan Danielle L. 4
4 · Macy's, Inc. · Filed Mar 30, 2026
Research Summary
AI-generated summary of this filing
Macy's EVP Danielle Kirgan Receives Award; Sells Shares for Taxes
What Happened
Danielle L. Kirgan, Executive Vice President and Chief Human Resources Officer of Macy's, had two equity events around March 26–27, 2026. She received a total of 95,463 restricted stock units (46,789 settled PRSUs and a 48,674-RSU grant). To cover tax obligations tied to the PRSU settlement, 2,114 shares were withheld (valued at $39,088) and an additional 15,415 shares were sold in the open market for $276,126 (weighted average price $17.91). The PRSU settlement included 5,367 dividend shares and was the payout from a March 31, 2023 performance grant covering fiscal 2023–2025.
Key Details
- Transaction dates: March 26, 2026 (vest/award and withholding) and March 27, 2026 (open-market sale). Form filed March 30, 2026.
- Grants/settlement: 46,789 PRSUs settled (includes 5,367 dividend shares) and a new grant of 48,674 RSUs (vest in four equal annual installments starting one year from grant). Each RSU = one share.
- Sales/withholding: 2,114 shares withheld to satisfy taxes at $18.49 (F2) and 15,415 shares sold in multiple open-market trades at a weighted avg $17.91 (range $17.8350–$18.0500) totaling ~$315,214.
- Shares owned after transaction: not specified on the Form 4.
- Notable footnotes: F1–F3 confirm the PRSU settlement and that the withheld shares and the shares sold to cover withholding were non-discretionary (tax-related). F6 describes the new RSU vesting schedule.
- Filing timeliness: Form 4 filed March 30, 2026, within the typical two-business-day reporting window.
Context
This filing shows an award/settlement of restricted stock units and routine dispositions to satisfy tax withholding and related obligations — not an explicit discretionary sale for investment purposes. The new 48,674-RSU grant vests over future years and represents a forward-looking compensation award rather than an immediate purchase of stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-26+46,789→ 103,442 total - Tax Payment
Common Stock
[F2]2026-03-26$18.49/sh−2,114$39,088→ 101,328 total - Sale
Common Stock
[F3][F4]2026-03-27$17.91/sh−15,415$276,126→ 85,913 total - Award
Restricted Stock Units
[F5][F6]2026-03-26+48,674→ 48,674 total→ Common Stock (48,674 underlying)
Footnotes (6)
- [F1]Settlement of performance restricted stock units granted March 31, 2023 following the 3-year (fiscal 2023 - 2025) performance period. Number includes 5,367 dividend shares accrued during the performance period.
- [F2]Withholding by Macy's, Inc. of 2,114 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of performance restricted stock units and delivery of common stock on March 26, 2026 and does not represent a discretionary transaction by the reporting person.
- [F3]Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of performance restricted shares and does not represent a discretionary transaction by the reporting person.
- [F4]The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $17.8350 to $18.0500, 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.
- [F5]Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
- [F6]On March 26, 2026, the reporting person was granted 48,674 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.