Kirgan Danielle L. 4

4 · Macy's, Inc. · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

Macy's EVP Danielle Kirgan Exercises RSUs, Sells Shares

What Happened

Danielle L. Kirgan, EVP and Chief HR Officer of Macy's, had 11,256 restricted stock units (RSUs) convert to common shares on March 28, 2026 (reported as an exercise/conversion at $0.00 per share).
On March 30, 2026 she sold 5,161 shares in an open-market transaction at a weighted average price of $17.73, generating approximately $91,516. The sale was done to satisfy tax withholding obligations and is not reported as a discretionary trade.

Key Details

Transaction dates and prices:
- 2026-03-28: Conversion/vesting of 11,256 RSUs into shares (reported at $0.00).
- 2026-03-30: Open-market sale of 5,161 shares at a weighted average price of $17.73 (total ≈ $91,516). Reported sale price range: $17.5550–$17.8850.
Shares owned after the transactions: not specified in the provided filing excerpt.
Notable footnotes:
- F1: Each RSU equals one share of common stock.
- F2: The shares sold represent shares withheld/sold to cover tax withholding on vesting and do not reflect a discretionary sale.
- F3: Weighted-average price reported; individual sale prices fall in the stated range.
- F4: These RSUs were from a March 28, 2024 grant vesting in four equal installments.
Filing timeliness: Form 4 was filed March 31, 2026 for transactions occurring March 28 and March 30, 2026 — the filing appears timely.

Context

This was a routine vesting of RSUs with a partial sell-to-cover for taxes, not an opportunistic or discretionary sale signal. For RSU conversions, "exercise/conversion" simply reflects vesting and issuance of shares; the subsequent open-market sale covered tax obligations.

Form 4

Period: 2026-03-28

EVP, Chief HR Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-28+11,256→ 97,169 total
Sale
Common Stock
[F2][F3]
2026-03-30$17.73/sh−5,161$91,516→ 92,008 total
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-03-28−11,256→ 22,511 total
→ Common Stock (11,256 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 $17.5550 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 45,022 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 Danielle L. Kirgan pursuant to a Power of Attorney|2026-03-31

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