Bron Olivier 4
4 · Macy's, Inc. · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
Macy's (M) — Bron Olivier, Bloomingdale's CEO Sells Shares
What Happened
Bron Olivier, CEO of Bloomingdale's (a division of Macy's, ticker M), had 13,146 restricted stock units vest on April 3, 2026 (conversion/exercise of a derivative). Those vested shares were used to satisfy tax withholding (13,146 shares surrendered). Separately, Olivier sold 7,228 shares in an open-market transaction on April 6, 2026 for a weighted-average price of $17.92, generating total proceeds of approximately $129,555.
Key Details
- Transaction dates: RSU vest/conversion and withholding on 2026-04-03; open-market sale on 2026-04-06. Filing date: 2026-04-07 (Form 4 accession 0002016845-26-000006).
- Sale price (open market): weighted average $17.92; reported sales ranged $17.86–$17.97 per share. Total reported proceeds ≈ $129,555.
- RSU vesting: 13,146 shares converted/issued on vesting (from a 52,585 RSU grant made 2025-04-03 that vests in four equal installments).
- Tax withholding: 13,146 vested shares were surrendered to cover taxes (not a discretionary sale by the reporting person).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes: F1 (each RSU = one share), F2 (withholding sale not discretionary), F3 (weighted-average price & range), F4 (details of original RSU grant).
Context
- This was primarily a routine vesting event (RSUs converting to shares) with an associated withholding and a subsequent open-market sale. Surrendering shares to cover taxes is common and does not necessarily signal a view on the company's stock.
- The filing shows no option exercise for immediate profit-taking; instead it reflects RSU vesting and subsequent partial sale.
Insider Transaction Report
Form 4
Bron Olivier
CEO, Bloomingdale's
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-04-03+13,146→ 28,818 total - Sale
Common Stock
[F2][F3]2026-04-06$17.92/sh−7,228$129,555→ 21,590 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-04-03−13,146→ 39,439 total→ Common Stock (13,146 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
- [F2]Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of restricted shares and does not represent a discretionary transaction by the reporting person.
- [F3]The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $17.86 to $17.97, 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.
- [F4]On April 3, 2025, the reporting person was granted 52,585 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|2026-04-07