Macy's, Inc. — Director's Dealing 2021

Nov 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2021-11-19

Reporting Person: Griscom Paul (SVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-19	Common Stock	M	1511	—	Acquired	4834	Direct
2021-11-22	Common Stock	S	452	$34.695	Disposed	4382	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-19	Restricted Stock Units	$	M	1511	Disposed	2021-11-19	Common Stock (1511)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	171.081	Indirect

Footnotes

F1: One-for-one conversion.

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 $34.6950 to $34.7101, 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 purchased at each separate price within the ranges set forth in this footnote to the Form 4.

F4: Reflects the reporting person's interest in Macy's stock under the Issuer's 401(k) plan, derived by dividing the value of the undivided interest of the reporting person in the applicable investment fund as of November 19, 2021 by $34.71, the stock price on such date.

F5: On November 19, 2018 the reporting person was granted 1,511 restricted stock units vesting 100% on the third anniversary of the grant date.