Kirgan Danielle L. 4

What Happened

• Danielle L. Kirgan, EVP and Chief HR Officer of Macy's, had 11,256 restricted stock units (RSUs) convert to common shares on March 28, 2026 (reported as an exercise/conversion at $0.00 per share).
• On March 30, 2026 she sold 5,161 shares in an open-market transaction at a weighted average price of $17.73, generating approximately $91,516. The sale was done to satisfy tax withholding obligations and is not reported as a discretionary trade.

Key Details

• Transaction dates and prices:
  • 2026-03-28: Conversion/vesting of 11,256 RSUs into shares (reported at $0.00).
  • 2026-03-30: Open-market sale of 5,161 shares at a weighted average price of $17.73 (total ≈ $91,516). Reported sale price range: $17.5550–$17.8850.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Each RSU equals one share of common stock.
  • F2: The shares sold represent shares withheld/sold to cover tax withholding on vesting and do not reflect a discretionary sale.
  • F3: Weighted-average price reported; individual sale prices fall in the stated range.
  • F4: These RSUs were from a March 28, 2024 grant vesting in four equal installments.
• Filing timeliness: Form 4 was filed March 31, 2026 for transactions occurring March 28 and March 30, 2026 — the filing appears timely.

Context

• This was a routine vesting of RSUs with a partial sell-to-cover for taxes, not an opportunistic or discretionary sale signal. For RSU conversions, "exercise/conversion" simply reflects vesting and issuance of shares; the subsequent open-market sale covered tax obligations.