Kirgan Danielle L. 4

What Happened

• Danielle L. Kirgan, EVP and Chief Human Resources Officer at Macy's, had 12,864 restricted stock units convert to 12,864 shares on 2026-03-31 (vesting). Following the vesting, she sold 6,573 of those shares in an open-market transaction on 2026-04-01 for total proceeds of $118,817 (weighted average price $18.08). The conversion/derivative entry shows a $0.00 disposition price because the RSUs converted into shares; the sale was to cover tax withholding, not a discretionary sell for investment reasons.

Key Details

• Conversion/Vesting: 12,864 RSUs converted to 12,864 shares on 2026-03-31 (reported as derivative exercise/conversion).
• Sale: 6,573 shares sold on 2026-04-01; weighted average price $18.08; total proceeds $118,817. Reported sale prices ranged $18.00–$18.19 (footnote).
• Purpose: Footnote indicates the shares sold were to satisfy tax withholding upon vesting (not a discretionary trade).
• Grant background: These RSUs stem from a 3/31/2023 grant of 51,457 RSUs vesting in four equal installments (footnote).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Transaction period ended 2026-03-31; Form 4 filed 2026-04-02 (no late filing indicated).

Context

• This was a routine vesting and tax-withholding sale of company stock (not a market-timed purchase). For RSU conversions, it’s common for companies or insiders to sell a portion of vested shares to cover required payroll taxes; such transactions are administrative and do not necessarily signal a change in insider sentiment.