Edwards Thomas Jr. 4

What Happened

• Thomas Edwards Jr., EVP, COO & CFO of Macy's, reported the vesting/conversion of 36,419 restricted stock units into common shares on June 23, 2026. The filing shows 36,419 shares were converted and a like number were delivered/withheld for tax purposes (non‑discretionary).
• Separately, on June 24, 2026, Edwards sold 16,419 shares in an open‑market transaction at a weighted average price of $24.89 for total proceeds of $408,726.

Key Details

• Transaction dates: 2026-06-23 (RSU conversion/withholding) and 2026-06-24 (open‑market sale).
• Open‑market sale: 16,419 shares at weighted average $24.89; prices in the trades ranged $24.83–$24.925 (footnote F3). Proceeds: $408,726.
• RSU conversion: 36,419 restricted stock units converted to 36,419 shares (footnote F1 confirms 1 RSU = 1 share); 36,419 shares were withheld/delivered to cover taxes (footnote F2 — non‑discretionary).
• Grant context: The 36,419 vested shares represent one of four equal installments from a 145,676 RSU grant made on June 23, 2025 (footnote F4).
• Shares owned following the transactions: not specified in the filing.
• Filing: Report filed 2026-06-24 for transactions on 6/23–6/24 — appears timely (Form 4s are due within two business days).

Context

• This is a routine RSU vesting and associated tax withholding, followed by an open‑market sale. The withheld/disposed shares were used to satisfy tax obligations and are noted as non‑discretionary (not an expression of sentiment).
• For retail investors: purchases are generally more informative than routine sales. This filing documents compensation vesting and a subsequent sale, not an opportunistic buy signal.