Boone Torrence 4

What Happened

• Boone Torrence, a director of Macy's, Inc. (M), received an award of 8,348 restricted stock units (RSUs) on 2026-06-05. The grant is recorded as a derivative acquisition at $0.00 per unit (compensation award), so there was no open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-08.
• Award: 8,348 restricted stock units (RSUs) @ $0.00 (derivative award).
• Shares owned after the transaction: not disclosed in the filing.
• Footnote F1: Each RSU represents the equivalent of one share of Macy's common stock.
• Footnote F2: RSUs vest on the earlier of one year from grant or the Issuer's next annual meeting; vested shares will be deferred and delivered six months after the reporting person's service on the Board ends.
• Filing timeliness: Form 4 was filed three days after the grant; Form 4s are generally due within two business days, so the filing appears to have been submitted promptly (timing may reflect weekend/holiday).

Context

• This is a compensation grant (award) to a director, not an open‑market purchase or sale—such awards are routine for board members and do not by themselves indicate buying or selling sentiment.
• RSUs are derivative awards that convert to actual shares only upon vesting and subject to the stated deferral/delivery terms.