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

Mar 27, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2023-03-24

Reporting Person: Griscom Paul (SVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-24	Common Stock	M	1138	—	Acquired	17311	Direct
2023-03-24	Common Stock	F	340	$16.94	Disposed	16971	Direct
2023-03-25	Common Stock	M	3043	—	Acquired	20014	Direct
2023-03-25	Common Stock	F	909	$16.94	Disposed	19105	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-24	Restricted Stock Units	$	M	1138	Disposed		Common Stock (1138)	Direct
2023-03-25	Restricted Stock Units	$	M	3043	Disposed		Common Stock (3043)	Direct

Footnotes

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

F2: Withholding by Macy's, Inc. of 340 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of restricted stock units and delivery of common stock on March 24, 2023 and does not represent a discretionary transaction by the reporting person.

F3: Withholding by Macy's, Inc. of 909 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of restricted stock units and delivery of common stock on March 25, 2023 and does not represent a discretionary transaction by the reporting person.

F4: On March 24, 2022, the reporting person was granted 4,554 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.

F5: On March 25, 2021, the reporting person was granted 12,172 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.