Jeffrey Gennette - 24 Mar 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
Issuer symbol
M
Transactions as of
24 Mar 2023
Net transactions value
-$894,466
Form type
4
Filing time
27 Mar 2023, 16:27:13 UTC
Previous filing
24 Mar 2023
Next filing
03 Apr 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 +40,322 +5.1% 836,768 24 Mar 2023 Direct F1
transaction M Common Stock Tax liability $377,745 -22,299 -2.7% $16.94 814,469 24 Mar 2023 Direct F2
transaction M Common Stock Options Exercise +55,158 +6.8% 869,627 25 Mar 2023 Direct F1
transaction M Common Stock Tax liability $516,721 -30,503 -3.5% $16.94 839,124 25 Mar 2023 Direct F3

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 -40,322 -25% $0.000000 120,968 24 Mar 2023 Common Stock 40,322 Direct F1, F4
transaction M Restricted Stock Units Options Exercise $0 -55,158 -33% $0.000000 110,316 25 Mar 2023 Common Stock 55,158 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 Withholding by Macy's, Inc. of 22,299 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of restricted stock units and delivery of common stock on March 24, 2023 and does not represent a discretionary transaction by the reporting person.
F3 Withholding by Macy's, Inc. of 30,503 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of restricted stock units and delivery of common stock on March 25, 2023 and does not represent a discretionary transaction by the reporting person.
F4 On March 24, 2022, the reporting person was granted 161,290 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
F5 On March 25, 2021, the reporting person was granted 220,632 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.