Antony Spring - Mar 24, 2023 Form 4 Insider Report for Macy's, Inc. (M)

Role: EVP-Macy's/CEO-Bloomingdale's
Signature: /s/ Steven R. Watts, as attorney-in-fact for Antony Spring pursuant to a Power of Attorney
Stock symbol: M
Transactions as of: Mar 24, 2023
Transactions value $: -$179,124
Form type: 4
Date filed: 3/27/2023, 05:46 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	+5.03%		178K	Mar 24, 2023	Direct	F1
transaction	M	Common Stock	Tax liability	-$73.8K	-4.36K	-2.45%	$16.94	174K	Mar 24, 2023	Direct	F2
transaction	M	Common Stock	Options Exercise		+12.2K	+7%		186K	Mar 25, 2023	Direct	F1
transaction	M	Common Stock	Tax liability	-$105K	-6.22K	-3.34%	$16.94	180K	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	-12.2K	-33.33%	$0.00	24.3K	Mar 25, 2023	Common Stock	12.2K		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 6,215 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 48,691 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.