Danielle L. Kirgan - 21 Mar 2024 Form 4 Insider Report for Macy's, Inc. (M)

Signature
/s/ Steven R. Watts, as attorney-in-fact for Danielle L. Kirgan pursuant to a Power of Attorney
Issuer symbol
M
Transactions as of
21 Mar 2024
Transactions value $
-$334,309
Form type
4
Filing time
25 Mar 2024, 14:48:34 UTC
Previous filing
11 Jul 2023
Next filing
26 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction M Common Stock Award $0 +44.6K +16.04% $0.00 323K 21 Mar 2024 Direct F1
transaction M Common Stock Tax liability -$26.6K -1.28K -0.4% $20.79 322K 21 Mar 2024 Direct F2
transaction M Common Stock Sale -$308K -15.1K -4.69% $20.42 307K 22 Mar 2024 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of performance restricted stock units granted March 21, 2024 following the 3-year (fiscal 2021 - 2023) performance period. Number includes 3,552 dividend shares accrued during the performance period.
F2 Withholding by Macy's, Inc. of 1,281 shares of common stock to satisfy reporting person's tax withholding obligation in connection with the vesting of accrued dividends on performance restricted stock units and delivery of common stock on March 21, 2024 and does not represent a discretionary transaction by the reporting person.
F3 Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of performance restricted shares and does not represent a discretionary transaction by the reporting person.
F4 The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $20.325 to $20.57, 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.