Griscom Paul, Senior Vice President and Controller, has demonstrated a consistent pattern of selling shares in Macy’s Inc. (M) over the past several years, with no recorded purchases in SEC filings. Since 2024, Paul has executed 26 sales transactions totaling approximately $423,883, with the largest single sale occurring on September 11, 2025, for $221,671. Recent activity shows a continuation of this trend, with multiple sales in March 2026, including transactions valued at $52,303 on March 27 and $7,683 on March 30. Smaller but repeated sales, such as $7,105 on March 25 and $6,268 on March 26, suggest a methodical approach to reducing holdings.
The transactions often coincide with late March, likely tied to vesting schedules or tax-related planning, as filings from 2024 to 2026 show clusters of sales during this period. For example, in March 2025, Paul sold shares worth $12,031 and $14,285 within days of each other, followed by similar activity in subsequent years. While some filings reflect minor adjustments—such as those coded "M" or "F" with negligible dollar values—the broader trend is unmistakable: Paul has steadily divested Macy’s stock without offsetting purchases. The absence of buying activity and the repeated sales, particularly in concentrated windows, indicate a deliberate reduction in exposure to the company’s equity.
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