Adrian Mitchell V. - 24 Mar 2025 Form 4 Insider Report for Macy's, Inc. (M)

Role: EVP, COO & CFO
Signature: /s/ Steven R. Watts, as attorney-in-fact for Adrian V. Mitchell pursuant to a Power of Attorney
Issuer symbol: M
Transactions as of: 24 Mar 2025
Net transactions value: -$106,850
Form type: 4
Filing time: 26 Mar 2025, 18:06:26 UTC
Previous filing: 20 Mar 2025
Next filing: 31 Mar 2025
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	$0	+8,539	+7.7%	$0.000000	119,654	24 Mar 2025	Direct	F1
transaction	M	Common Stock	Sale	$47,925	-3,489	-2.9%	$13.74	116,165	25 Mar 2025	Direct	F2, F3
transaction	M	Common Stock	Options Exercise	$0	+10,766	+9.3%	$0.000000	126,931	25 Mar 2025	Direct	F1
transaction	M	Common Stock	Sale	$58,925	-4,438	-3.5%	$13.28	122,493	26 Mar 2025	Direct	F2, F4

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	-8,539	-50%	$0.000000	8,539	24 Mar 2025	Common Stock	8,539		Direct	F1, F5
transaction	M	Restricted Stock Units	Options Exercise	$0	-10,766	-100%	$0.000000	0	25 Mar 2025	Common Stock	10,766		Direct	F1, F6

* 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 $13.67 to $13.775, 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 sold at each separate price within the ranges set forth in this footnote to the Form 4.
F4	The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $13.12 to $13.475, 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 sold at each separate price within the ranges set forth in this footnote to the Form 4.
F5	On 3/24/2022, the reporting person was granted 34,155 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
F6	On 3/25/2021, the reporting person was granted 43,061 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.