Kirgan Danielle L. 4
4 · Macy's, Inc. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Macy's EVP Danielle Kirgan Sells Shares
What Happened
Danielle Kirgan, EVP & Chief Human Resources Officer of Macy's (M), had 8,539 restricted stock units convert to common shares on 2026-03-24 (derivative conversion/exercise at $0). A portion of those shares were disposed to cover tax withholding, and she sold an additional 3,047 shares in the open market on 2026-03-25 for a weighted average price of $18.72, totaling $57,032.
Key Details
- Filing date / period: Form 4 filed 2026-03-26 reporting transactions dated 2026-03-24 (conversion) and 2026-03-25 (open-market sale).
- Conversion/exercise: 8,539 shares converted from restricted stock units on 2026-03-24 (priced at $0 per share).
- Open-market sale: 3,047 shares sold on 2026-03-25; weighted average price $18.72; total proceeds $57,032. Reported sale prices ranged $18.685–$18.76. (F3)
- Tax withholding: The sale to cover tax withholding reflects shares sold to satisfy taxes upon vesting and was not a discretionary sale by the reporting person (F2).
- RSU grant context: The 8,539-share vesting matches one tranche from a 3/24/2022 grant of 34,155 RSUs vesting in four equal installments (F4).
- Shares owned after transaction: Not specified in the provided filing.
- Timeliness: Filed within the normal Form 4 window (no late filing indicated).
Context
This was primarily a routine vesting and tax-withholding event (conversion of RSUs and sale to cover taxes) rather than an independent, discretionary sell decision. Conversions of RSUs at $0 indicate vesting rather than an out-of-pocket option purchase; the subsequent open-market sale was modest in size (~$57k) and noted as a weighted-average multiple-trade sale.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-24+8,539→ 59,700 total - Sale
Common Stock
[F2][F3]2026-03-25$18.72/sh−3,047$57,032→ 56,653 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-24−8,539→ 0 total→ Common Stock (8,539 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 $18.685 to $18.76, 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 3/24/2022, the reporting person was granted 34,155 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.