Paul Griscom - 04 Sep 2022 Form 4 Insider Report for Macy's, Inc. (M)

Role: SVP and Controller
Signature: /s/ Wendy A. Beadles, as attorney-in-fact for Paul Griscom pursuant to a Power of Attorney
Issuer symbol: M
Transactions as of: 04 Sep 2022
Net transactions value: -$20,852
Form type: 4
Filing time: 07 Sep 2022, 13:28:28 UTC
Previous filing: 01 Sep 2022
Next filing: 22 Mar 2023
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		+4,085	+87%		8,773	04 Sep 2022	Direct	F1
transaction	M	Common Stock	Sale	$20,852	-1,223	-14%	$17.05	7,550	06 Sep 2022	Direct	F2, F3
holding	M	Common Stock						176	04 Sep 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	Restricted Stock Units	Options Exercise	$0	-4,085	-33%	$0.000000	8,170	04 Sep 2022	Common Stock	4,085		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 $17.04 to $17.05, 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 September 6, 2022 by $16.83, the stock price on such date.
F5	On September 4, 2020, the reporting person was granted 16,339 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.