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: Griscom Paul (SVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-09	Common Stock	M	1131	—	Acquired	7905	Direct
2022-07-11	Common Stock	S	349	$17.3672	Disposed	7556	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-07-09	Restricted Stock Units	$	M	1131	Disposed		Common Stock (1131)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	175.72	Indirect

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 $17.2650 to $17.4350, 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 8, 2022 by $17.92, the stock price on such date.

F5: On July 9, 2020, the reporting person was granted 4,524 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.