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: Gennette Jeffrey (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-09	Common Stock	M	136689	—	Acquired	309694	Direct
2021-07-12	Common Stock	S	77196	$18.9693	Disposed	232498	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-09	Restricted Stock Units	$	M	136689	Disposed		Common Stock (136689)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4409.4	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 $18.905 to $19.03, 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 July 12, 2021 by $19.10, the stock price on such date.

F5: On July 9, 2020 the reporting person was granted 546,757 restricted stock units, vesting in four equal installments beginning on the first anniversary of the grant date.