Kirgan Danielle L. 4

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.