Antony Spring - Mar 27, 2025 Form 4 Insider Report for Macy's, Inc. (M)

Role: Chairman & CEO, Director
Signature: /s/ Steven R. Watts, as attorney-in-fact for Antony Spring pursuant to a Power of Attorney
Stock symbol: M
Transactions as of: Mar 27, 2025
Transactions value $: -$329,532
Form type: 4
Date filed: 3/31/2025, 06:31 PM
Previous filing: Mar 26, 2025
Next filing: Apr 2, 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	Award	$0	+13.7K	+4.87%	$0.00	294K	Mar 27, 2025	Direct	F1
transaction	M	Common Stock	Tax liability	-$6.41K	-486	-0.17%	$13.18	294K	Mar 27, 2025	Direct	F2
transaction	M	Common Stock	Sale	-$58.5K	-4.58K	-1.56%	$12.77	289K	Mar 28, 2025	Direct	F3, F4
transaction	M	Common Stock	Options Exercise	$0	+53.2K	+18.39%	$0.00	342K	Mar 28, 2025	Direct	F5
transaction	M	Common Stock	Sale	-$265K	-20.9K	-6.1%	$12.68	321K	Mar 31, 2025	Direct	F6, F7

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	-53.2K	-25%	$0.00	159K	Mar 28, 2025	Common Stock	53.2K		Direct	F5, F8

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

Explanation of Responses:

Id	Content
F1	Settlement of performance restricted stock units granted March 24, 2023 following the 3-year (fiscal 2022 - 2024) performance period. Number includes 1,348 dividend shares accrued during the performance period.
F2	Withholding by Macy's, Inc. of 486 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of accrued dividends on performance restricted stock units and delivery of common stock on March 27, 2025 and does not represent a discretionary transaction by the reporting person.
F3	Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of performance restricted shares and does not represent a discretionary transaction by the reporting person.
F4	The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $12.715 to $12.88, 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	Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
F6	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.
F7	The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $12.565 to $12.765, 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.
F8	On March 28, 2024, the reporting person was granted 212,606 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.