Granoff Jill 4
4 · Macy's, Inc. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Macy's (M) Director Jill Granoff Receives 8,348-Share RSU Award
What Happened
Jill Granoff, a director of Macy's, received a grant of 8,348 restricted stock units (RSUs) on June 5, 2026. The Form 4 reports the award as a derivative acquisition (code A) with a reporting price of $0.00 per unit, which is typical for RSU grants (no cash paid). This is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (filed within the standard 2-business-day reporting window).
- Award: 8,348 restricted stock units (each unit equals one share) reported at $0.00.
- Shares owned after transaction: not specified in the provided filing.
- Vesting/delivery notes: RSUs vest on the earlier of one year from grant or the issuer's next annual meeting. Vested shares will be automatically deferred and delivered six months after the reporting person’s service on the Board ends.
- Transaction type: Award/Grant (derivative), commonly part of director compensation; not a directional buy/sell signal.
Context
RSU grants are standard compensation for directors and executives; they do not require the insider to pay cash at grant and do not indicate an immediate purchase or sale of stock. Because delivery of vested shares is deferred until after board service ends (per the footnote), Granoff may not receive the underlying shares immediately even after vesting.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-06-05+8,348→ 8,348 total→ Common Stock (8,348 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
- [F2]The restricted stock units vest on the earlier of one year from the grant date or the date of the Issuer's next annual meeting of shareholders. The vested shares will be automatically deferred and delivered to the reporting person six months after the reporting person's service on the Issuer's Board of Directors ends.