Danielle L. Kirgan - 23 Mar 2023 Form 4 Insider Report for Macy's, Inc. (M)

Role: EVP-Chief Transformation & HR
Signature: /s/ Steven R. Watts, as attorney-in-fact for Danielle L. Kirgan pursuant to a Power of Attorney
Issuer symbol: M
Transactions as of: 23 Mar 2023
Transactions value $: -$966,834
Form type: 4
Filing time: 24 Mar 2023, 17:05:32
Previous filing: 12 Jul 2022
Next filing: 27 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	Award	$0	+127K	+64.28%	$0.00	325K	23 Mar 2023	Direct	F1
transaction	M	Common Stock	Tax liability	-$967K	-56.2K	-17.29%	$17.19	269K	23 Mar 2023	Direct	F2

* 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 July 2020 following the performance period (July 2020 - fiscal year 2022). Number includes 5,122 dividend shares accrued during the performance period.
F2	Withholding by Macy's, Inc. of 56,244 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of performance restricted stock units, including accrued dividends on such performance restricted stock units, and delivery of common stock on March 23, 2023 and does not represent a discretionary transaction by the reporting person.