Emilie Arel - Aug 25, 2022 Form 4 Insider Report for Macy's, Inc. (M)

Role: Director
Signature: /s/ Steven R. Watts, as attorney-in-fact for Emilie Arel pursuant to a Power of Attorney
Stock symbol: M
Transactions as of: Aug 25, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/29/2022, 11:31 AM
Previous filing: Aug 18, 2022
Next filing: May 22, 2023

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	+4.2K		$0.00	4.2K	Aug 25, 2022	Common Stock	4.2K		Direct	F1, F2

* 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	The restricted stock units vest on the earlier of one year from the grant date or the date of the Issuer's next annual meeting of shareholders. The vested shares will be automatically deferred and delivered to the reporting person six months after the reporting person's service on the Issuer's Board of Directors ends.