Danielle L. Kirgan - Mar 24, 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
Stock symbol
M
Transactions as of
Mar 24, 2023
Transactions value $
-$192,269
Form type
4
Date filed
3/27/2023, 04:49 PM
Previous filing
Mar 24, 2023
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction M Common Stock Options Exercise +8.54K +3.17% 278K Mar 24, 2023 Direct F1
transaction M Common Stock Tax liability -$73.8K -4.36K -1.57% $16.94 273K Mar 24, 2023 Direct F2
transaction M Common Stock Options Exercise +13.7K +5.01% 287K Mar 25, 2023 Direct F1
transaction M Common Stock Tax liability -$118K -6.99K -2.44% $16.94 280K Mar 25, 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 -8.54K -25% $0.00 25.6K Mar 24, 2023 Common Stock 8.54K Direct F1, F4
transaction M Restricted Stock Units Options Exercise $0 -13.7K -33.33% $0.00 27.4K Mar 25, 2023 Common Stock 13.7K 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 4,359 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 6,991 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 34,155 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 54,777 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.