Paul Griscom - Mar 23, 2022 Form 4 Insider Report for Macy's, Inc. (M)

Role: SVP and Controller
Signature: /s/ Steven R. Watts, as attorney-in-fact for Paul Griscom pursuant to a Power of Attorney
Stock symbol: M
Transactions as of: Mar 23, 2022
Transactions value $: -$2,102
Form type: 4
Date filed: 3/24/2022, 03:51 PM
Previous filing: Mar 22, 2022
Next filing: Mar 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	M	Common Stock	Options Exercise		+230	+4.98%		4.85K	Mar 23, 2022	Direct	F1
transaction	M	Common Stock	Sale	-$2.1K	-80	-1.65%	$26.28	4.77K	Mar 24, 2022	Direct	F2, F3
holding	M	Common Stock						166	Mar 23, 2022	By 401(k) Plan	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	Common Stock	Options Exercise	$0	-230	-100%	$0.00^*	0	Mar 23, 2022	Common Stock	230		Direct	F1, F5

* 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 $26.25 to $26.28, 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	Reflects the reporting person's interest in Macy's stock under the Issuer's 401(k) plan, derived by dividing the value of the undivided interest of the reporting person in the applicable investment fund as of March 23, 2022 by $25.73, the stock price on such date.
F5	On March 23, 2018, the reporting person was granted 918 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.