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

Jul 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2021-07-09

Reporting Person: Kirgan Danielle L. (EVP, Chief Transformation Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-09	Common Stock	M	47511	—	Acquired	47511	Direct
2021-07-09	Common Stock	M	87983	—	Acquired	135494	Direct
2021-07-12	Common Stock	S	70856	$18.9691	Disposed	64638	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-09	Restricted Stock Units	$	M	47511	Disposed		Common Stock (47511)	Direct
2021-07-09	Restricted Stock Units	$	M	87983	Disposed		Common Stock (87983)	Direct

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 $18.90 to $19.02, 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: On July 9, 2020 the reporting person was granted 190,045 restricted stock units, vesting in four equal installments beginning on the first anniversary of the grant date.

F5: On July 9, 2020 the reporting person was granted 263,951 restricted stock units, vesting one-third on the first anniversary and two-thirds on the second anniversary of the date granted.