Bron Olivier 4

4 · Macy's, Inc. · Filed Mar 30, 2026

AI-generated summary of this filing

Updated Mar 30, 2026

Macy's (M) Bloomingdale's CEO Bron Olivier Receives RSU Award; Sells Shares for Taxes

What Happened

Bron Olivier, CEO of Bloomingdale’s (a Macy’s, Inc. executive), had 11,035 performance restricted stock units (PRSUs) settle on March 26, 2026 (acquired at $0.00). The settlement included 1,024 dividend shares and resulted from a 3‑year performance period ending fiscal 2025.
To satisfy tax withholding on the vesting, Macy’s withheld 406 shares (valued at $18.49 each; ~$7,507). Separately, the reporting person sold 4,712 shares in an open‑market sale on March 27, 2026 at a weighted average price of $17.91 for proceeds of about $84,407. These withholding and sale transactions are reported as non‑discretionary tax‑related actions.
On March 26, 2026 Olivier was also granted 48,674 restricted stock units (time‑vesting RSUs) that vest in four equal installments beginning on the first anniversary of the grant.

Key Details

Transaction dates and prices:
- 2026-03-26: 11,035 PRSUs settled (acquired) at $0.00; includes 1,024 dividend shares (F1).
- 2026-03-26: 406 shares withheld for taxes at $18.49/share (withholding by Macy’s; not discretionary) (F2).
- 2026-03-27: 4,712 shares sold in the open market, weighted average $17.91 (~$84,407); sale was to cover tax withholding and not a discretionary sale (F3, F4).
- 2026-03-26: 48,674 new RSUs granted (vest in four equal annual installments) (F6).
Shares owned after the transactions: not specified in the filing.
Notable footnotes: PRSU settlement relates to Nov 1, 2023 grant and includes dividend shares (F1); withheld and sold shares were tax‑related and non‑discretionary (F2, F3); sold prices ranged $17.84–$18.045 (F4).
Filing timeliness: Report filed 2026-03-30 for transactions on 2026-03-26/27; filing appears timely.

Context

These transactions reflect a routine settlement of performance‑based RSUs and the tax withholding/sale activity that commonly follows vesting. The 48,674‑unit grant is a time‑vesting award (not an immediate purchase) and will vest over future anniversaries.
Because the sales were expressly to satisfy tax obligations and/or were withholding by the company (non‑discretionary), they are generally viewed as administrative, not an indicator of the insider’s discretionary view on the stock.

Form 4

Period: 2026-03-26

CEO, Bloomingdale's

Transactions

Award
Common Stock
[F1]
2026-03-26+11,035→ 16,337 total
Tax Payment
Common Stock
[F2]
2026-03-26$18.49/sh−406$7,507→ 15,931 total
Sale
Common Stock
[F3][F4]
2026-03-27$17.91/sh−4,712$84,407→ 11,219 total
Award
Restricted Stock Units
[F5][F6]
2026-03-26+48,674→ 48,674 total
→ Common Stock (48,674 underlying)

Footnotes (6)

[F1]Settlement of performance restricted stock units granted November 1, 2023 following the 3-year (fiscal 2023 - 2025) performance period. Number includes 1,024 dividend shares accrued during the performance period.
[F2]Withholding by Macy's, Inc. of 406 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of performance restricted stock units and delivery of common stock on March 26, 2026 and does not represent a discretionary transaction by the reporting person.
[F3]Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of performance restricted shares and does not represent a discretionary transaction by the reporting person.
[F4]The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $17.8400 to $18.0450, inclusive. The reporting person undertakes to provide to Macy's, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to the Form 4.
[F5]Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
[F6]On March 26, 2026, the reporting person was granted 48,674 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.

Signature

/s/ Steven R. Watts, as attorney-in-fact for Olivier Bron pursuant to a Power of Attorney|2026-03-30

1 file