Antony Spring - 21 Mar 2022 Form 4 Insider Report for Macy's, Inc. (M)

Role: EVP-Macy's/CEO-Bloomingdale's
Signature: /s/ Steven R. Watts, as attorney-in-fact for Antony Spring pursuant to a Power of Attorney
Issuer symbol: M
Transactions as of: 21 Mar 2022
Net transactions value: -$28,197
Form type: 4
Filing time: 22 Mar 2022, 16:18:20 UTC
Previous filing: 07 Sep 2021
Next filing: 24 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	M	Common Stock	Options Exercise		+2,944	+4.9%		63,421	21 Mar 2022	Direct	F1
transaction	M	Common Stock	Sale	$28,197	-1,034	-1.6%	$27.27	62,387	22 Mar 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	M	Common Stock	Options Exercise	$0	-2,944	-50%	$0.000000	2,944	21 Mar 2022	Common Stock	2,944		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 March 21, 2019, the reporting person was granted 11,776 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.