Antony Spring - 25 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: 25 Mar 2022
Net transactions value: -$162,766
Form type: 4
Filing time: 28 Mar 2022, 18:50:05 UTC
Previous filing: 25 Mar 2022
Next filing: 12 Jul 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		+12,172	+14%		99,311	25 Mar 2022	Direct	F1
transaction	M	Common Stock	Sale	$162,766	-6,407	-6.5%	$25.40	92,904	28 Mar 2022	Direct	F2, F3

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	Restricted Stock Units	Options Exercise	$0	-12,172	-25%	$0.000000	36,519	25 Mar 2022	Common Stock	12,172		Direct	F1, F4

* 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	The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $25.285 to $25.51, 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 March 25, 2021, the reporting person was granted 48,691 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.