Kirgan Danielle L. 4

4 · Macy's, Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Macy's (M) EVP Danielle Kirgan Sells Shares to Cover Taxes

What Happened

Danielle L. Kirgan, EVP and Chief Human Resources Officer at Macy's, had 12,864 restricted stock units convert to 12,864 shares on 2026-03-31 (vesting). Following the vesting, she sold 6,573 of those shares in an open-market transaction on 2026-04-01 for total proceeds of $118,817 (weighted average price $18.08). The conversion/derivative entry shows a $0.00 disposition price because the RSUs converted into shares; the sale was to cover tax withholding, not a discretionary sell for investment reasons.

Key Details

Conversion/Vesting: 12,864 RSUs converted to 12,864 shares on 2026-03-31 (reported as derivative exercise/conversion).
Sale: 6,573 shares sold on 2026-04-01; weighted average price $18.08; total proceeds $118,817. Reported sale prices ranged $18.00–$18.19 (footnote).
Purpose: Footnote indicates the shares sold were to satisfy tax withholding upon vesting (not a discretionary trade).
Grant background: These RSUs stem from a 3/31/2023 grant of 51,457 RSUs vesting in four equal installments (footnote).
Shares owned after transaction: Not specified in the Form 4 filing.
Filing timeliness: Transaction period ended 2026-03-31; Form 4 filed 2026-04-02 (no late filing indicated).

Context

This was a routine vesting and tax-withholding sale of company stock (not a market-timed purchase). For RSU conversions, it’s common for companies or insiders to sell a portion of vested shares to cover required payroll taxes; such transactions are administrative and do not necessarily signal a change in insider sentiment.

Form 4

Period: 2026-03-31

EVP, Chief HR Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-31+12,864→ 104,872 total
Sale
Common Stock
[F2][F3]
2026-04-01$18.08/sh−6,573$118,817→ 98,299 total
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-03-31−12,864→ 12,865 total
→ Common Stock (12,864 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 $18.00 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.
[F4]On 3/31/2023, the reporting person was granted 51,457 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|2026-04-02

1 file