Kirgan Danielle L., EVP, Chief Transformation & HR at Macy’s (NYSE: M), has demonstrated a consistent pattern of selling company stock over the past several years, with no recorded purchases. According to SEC filings, Kirgan has executed 29 transactions since 2024, all of which were sales, totaling approximately $7.64 million in aggregate value. The most significant disposals occurred in late 2025, including a $2.03 million sale on December 11 and a $1.78 million transaction on September 17, followed by two other seven-figure sales earlier that month. Smaller but repeated sales have continued into 2026, with transactions on March 25 ($57,031.61), March 27 ($276,125.81), and March 30 ($91,515.88).
The filings also show periodic, smaller sales tied to tax withholding events (coded "F") and discretionary dispositions (coded "S"), with no offsetting acquisitions. The absence of any buy transactions suggests a one-way reduction in Kirgan’s position in Macy’s stock. While the sales could reflect routine portfolio management or liquidity needs, the scale and persistence of the disposals—particularly the concentrated multi-million-dollar transactions in late 2025—highlight a clear divestment trend. The activity remains confined to Macy’s, with no trades reported in other securities. The filings do not indicate whether Kirgan retains a residual stake following these sales.
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