Macy's, Inc. — Director's Dealing 2022

Jul 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2022-07-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-09	Common Stock	M	223479	—	Acquired	315785	Direct
2022-07-11	Common Stock	S	117752	$17.3628	Disposed	198033	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-07-09	Restricted Stock Units	$	M	47511	Disposed		Common Stock (47511)	Direct
2022-07-09	Restricted Stock Units	$	M	175968	Disposed		Common Stock (175968)	Direct

Footnotes

F1: Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.

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 $17.2600 to $17.44, 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 sold 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 with 87,983 vesting on July 9, 2021 and 175,968 vesting on July 9, 2022.