Griscom Paul 4

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.