Macy's (M) Director Deirdre Connelly Receives RSU Award

What Happened

• Deirdre Connelly, a director of Macy's, was granted 8,348 restricted stock units (RSUs) on June 5, 2026. The Form 4 records the acquisition as a derivative award with an acquisition price of $0.00 (no cash paid).
• Each RSU represents one share of Macy's common stock. The award is a grant (not an open-market purchase or sale) and therefore does not necessarily signal a bullish or bearish view by the insider.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-08.
• Amount: 8,348 restricted stock units; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in this Form 4 filing.
• Footnotes from the filing:
  • F1: Each RSU equals one share of common stock.
  • F2: RSUs vest on the earlier of one year from grant or at the issuer's next annual shareholders meeting; vested shares will be automatically deferred and delivered six months after the reporting person's service on the Board ends.
• No late-filing flag is indicated in the filing.

Context

• RSU grants to directors are a common form of compensation and are typically used for retention and alignment with shareholders. Because these were awarded (not purchased), they provide limited information about the director's near-term view of the stock.
• The award is a derivative grant (RSUs) rather than an immediate share transfer; actual shares will be received only after vesting and any applicable deferral period noted above.