Paul Griscom - Jul 9, 2023 Form 4 Insider Report for Macy's, Inc. (M)

Role: SVP and Controller
Signature: /s/ Steven R. Watts, as attorney-in-fact for Paul Griscom pursuant to a Power of Attorney
Stock symbol: M
Transactions as of: Jul 9, 2023
Transactions value $: -$5,391
Form type: 4
Date filed: 7/11/2023, 04:52 PM
Previous filing: Jun 20, 2023
Next filing: Sep 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	M	Common Stock	Options Exercise		+1.13K	+10.23%		12.2K	Jul 9, 2023	Direct	F1
transaction	M	Common Stock	Sale	-$5.39K	-338	-2.77%	$15.95	11.9K	Jul 10, 2023	Direct	F2

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	-1.13K	-50%	$0.00	1.13K	Jul 9, 2023	Common Stock	1.13K		Direct	F1, F3

* 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	Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of restricted shares and does not represent a discretionary transaction.
F3	On July 9, 2020, the reporting person was granted 4,524 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.