Jeffrey Gennette - Mar 23, 2023 Form 4 Insider Report for Macy's, Inc. (M)

Role: Chairman and CEO, Director
Signature: /s/ Steven R. Watts, as attorney-in-fact for Jeffrey Gennette pursuant to a Power of Attorney
Stock symbol: M
Transactions as of: Mar 23, 2023
Transactions value $: -$7,973,289
Form type: 4
Date filed: 3/24/2023, 06:00 PM
Previous filing: Jul 12, 2022
Next filing: Mar 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	M	Common Stock	Award	$0	+855K	+210.61%	$0.00	1.26M	Mar 23, 2023	Direct	F1
transaction	M	Common Stock	Tax liability	-$7.97M	-464K	-36.8%	$17.19	796K	Mar 23, 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 34,400 dividend shares accrued during the performance period.
F2	Withholding by Macy's, Inc. of 463,833 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.