Macy's, Inc. — Director's Dealing 2023

Nov 27, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2023-11-23

Reporting Person: Mitchell Adrian V (EVP, COO & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-23	Common Stock	M	102008	—	Acquired	135600	Direct
2023-11-24	Common Stock	S	57214	$14.6323	Disposed	78386	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-23	Restricted Stock Units	$	M	5947	Disposed		Common Stock (5947)	Direct
2023-11-23	Restricted Stock Units	$	M	96061	Disposed	2023-11-23	Common Stock (96061)	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: On November 23, 2020, the reporting person was granted 23,787 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.

F4: On November 23, 2020, the reporting person was granted 96,061 restricted stock units vesting 100% on the third anniversary of the grant date.