Danielle L. Kirgan - Jul 9, 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
Jul 9, 2023
Transactions value $
-$802,852
Form type
4
Date filed
7/11/2023, 05:18 PM
Previous filing
Apr 3, 2023
Next filing
Mar 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction M Common Stock Options Exercise +47.5K +16.97% 327K Jul 9, 2023 Direct F1
transaction M Common Stock Sale -$386K -24.2K -7.39% $15.97 303K Jul 10, 2023 Direct F2, F3
transaction M Common Stock Sale -$416K -25K -8.24% $16.66 278K Jul 11, 2023 Direct F4

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 -47.5K -50% $0.00 47.5K Jul 9, 2023 Common Stock 47.5K 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 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 The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $15.90 to $16.025, inclusive. The reporting person undertakes to provide to Macy's, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to the Form 4.
F4 The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $16.645 to $16.665, inclusive. The reporting person undertakes to provide to Macy's, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to the Form 4.
F5 On July 9, 2020, the reporting person was granted 190,045 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.