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

Jul 11, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2023-07-09

Reporting Person: Garcia C Elisa D (EVP, CLO and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-09	Common Stock	M	31674	—	Acquired	175084	Direct
2023-07-10	Common Stock	S	15393	$15.9646	Disposed	159691	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-09	Restricted Stock Units	$	M	31674	Disposed		Common Stock (31674)	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.

F3: The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $15.90 to $16.025, 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 126,696 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.