Bron Olivier 4

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.