Antony Spring - 09 Jul 2023 Form 4 Insider Report for Macy's, Inc. (M)

Role: President & CEO-Elect, Director
Signature: /s/ Steven R. Watts, as attorney-in-fact for Antony Spring pursuant to a Power of Attorney
Issuer symbol: M
Transactions as of: 09 Jul 2023
Net transactions value: -$303,752
Form type: 4
Filing time: 11 Jul 2023, 16:36:47 UTC
Previous filing: 03 Apr 2023
Next filing: 25 Mar 2024
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		+37,349	+21%		217,181	09 Jul 2023	Direct	F1
transaction	M	Common Stock	Sale	$303,752	-19,026	-8.8%	$15.97	198,155	10 Jul 2023	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	-37,349	-50%	$0.000000	37,349	09 Jul 2023	Common Stock	37,349		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.
F3	The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $15.90 to $16.025, 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 July 9, 2020, the reporting person was granted 149,396 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.