Antony Spring - 21 Mar 2023 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 2023
Net transactions value: -$19,669
Form type: 4
Filing time: 22 Mar 2023, 16:59:27 UTC
Previous filing: 12 Jul 2022
Next filing: 24 Mar 2023
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	+2.7%		113,519	21 Mar 2023	Direct	F1
transaction	M	Common Stock	Tax liability	$19,669	-1,049	-0.92%	$18.75	112,470	21 Mar 2023	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	Restricted Stock Units	Options Exercise	$0	-2,944	-100%	$0.000000^*	0	21 Mar 2023	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	Withholding by Macy's, Inc. of 1,049 shares of common stock to satisfy reporting person's tax withholding obligations in connection with the vesting of restricted stock units and delivery of common stock on March 21, 2023 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.