Antony Spring - Mar 24, 2022 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
Stock symbol: M
Transactions as of: Mar 24, 2022
Transactions value $: -$372,418
Form type: 4
Date filed: 3/25/2022, 06:09 PM
Previous filing: Mar 24, 2022
Next filing: Mar 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	M	Common Stock	Award	$0	+37.2K	+58.08%	$0.00	101K	Mar 24, 2022	Direct	F1
transaction	M	Common Stock	Tax liability	-$50.5K	-1.92K	-1.89%	$26.35	99.4K	Mar 24, 2022	Direct	F2
transaction	M	Common Stock	Sale	-$322K	-12.2K	-12.3%	$26.34	87.1K	Mar 25, 2022	Direct	F3, 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	Award	$0	+34.2K		$0.00	34.2K	Mar 24, 2022	Common Stock	34.2K		Direct	F5, F6

* 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 in March 2019 following a 3-year (fiscal 2019 - 2021) performance period. Number includes 3,752 dividend shares accrued during the performance period.
F2	Withholding by Macy's, Inc. of 1,916 shares of common stock to satisfy reporting person's tax withholding obligations in connection with the vesting of accrued dividends on performance restricted stock units and delivery of common stock on March 24, 2022 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 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 $26.11 to $26.75, 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.
F5	Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
F6	The restricted stock units vest one-fourth on each of the first, second, third and fourth anniversaries of the date granted.