Edwards Thomas Jr. 4

What Happened

• Edwards Thomas Jr., Macy's EVP, COO & CFO, received a grant of 83,829 restricted stock units (RSUs) on March 26, 2026. The Form 4 reports the award as a derivative acquisition at $0.00 per unit. Each RSU represents the right to one share of Macy's common stock upon vesting.
• The RSUs vest in four equal installments beginning on the first anniversary of the grant date (i.e., likely annual vesting over four years). This was an award/grant rather than a purchase or sale—no cash changed hands and no immediate market transaction occurred.

Key Details

• Transaction date and price: March 26, 2026; 83,829 RSUs @ $0.00 (derivative award).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 clarifies each RSU equals one share of common stock; F2 confirms the RSUs vest in four equal installments starting on the first anniversary of the grant.
• Filing timeliness: Report filed March 30, 2026 (covers period of report March 26, 2026) — this appears to be filed within the standard two business-day window.

Context

• RSUs are a form of equity compensation that convert into actual shares only as they vest; they do not indicate an immediate buy or sell by the insider.
• Such grants are routine parts of executive pay packages and do not, by themselves, signal a change in the insider's view of the stock.