Macy's, Inc. — Director's Dealing 2024

Mar 25, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2024-03-21

Reporting Person: Gennette Jeffrey (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-21	Common Stock	A	179797	—	Acquired	1080180	Direct
2024-03-21	Common Stock	F	7312	$20.79	Disposed	1072868	Direct
2024-03-22	Common Stock	S	78567	$20.4216	Disposed	994301	Direct

Footnotes

F1: Settlement of performance restricted stock units granted March 21, 2024 following the 3-year (fiscal 2021 - 2023) performance period. Number includes 14,323 dividend shares accrued during the performance period.

F2: Withholding by Macy's, Inc. of 7,312 shares of common stock to satisfy reporting person's tax withholding obligations in connection with the vesting of accrued dividends on performance restricted stock units and delivery of common stock on March 21, 2024 and does not represent a discretionary transaction by the reporting person.

F3: Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of performance restricted shares and does not represent a discretionary transaction by the reporting person.

F4: The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $20.32 to $20.63, 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.