Elisa Garcia C. - Mar 24, 2023 Form 4 Insider Report for Macy's, Inc. (M)

Role
EVP, CLO & Secretary
Signature
/s/ Steven R. Watts, as attorney-in-fact for Elisa D. Garcia pursuant to a Power of Attorney
Stock symbol
M
Transactions as of
Mar 24, 2023
Transactions value $
-$122,307
Form type
4
Date filed
3/27/2023, 05:27 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 +5.69K +4.19% 142K Mar 24, 2023 Direct F1
transaction M Common Stock Tax liability -$47K -2.77K -1.96% $16.94 139K Mar 24, 2023 Direct F2
transaction M Common Stock Options Exercise +9.13K +6.58% 148K Mar 25, 2023 Direct F1
transaction M Common Stock Tax liability -$75.3K -4.45K -3.01% $16.94 143K 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 -5.69K -25% $0.00 17.1K Mar 24, 2023 Common Stock 5.69K Direct F1, F4
transaction M Restricted Stock Units Options Exercise $0 -9.13K -33.33% $0.00 18.3K Mar 25, 2023 Common Stock 9.13K 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 2,773 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 4,447 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 22,770 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 36,518 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.