Jeffrey Gennette - Mar 31, 2024 Form 4 Insider Report for Macy's, Inc. (M)

Role
Director
Signature
/s/ Steven R. Watts, as attorney-in-fact for Jeffrey Gennette pursuant to a Power of Attorney
Stock symbol
M
Transactions as of
Mar 31, 2024
Transactions value $
-$591,422
Form type
4
Date filed
4/2/2024, 01:03 PM
Previous filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction M Common Stock Options Exercise +60.7K +5.82% 1.1M Mar 31, 2024 Direct F1
transaction M Common Stock Sale -$591K -30.1K -2.73% $19.66 1.07M Apr 1, 2024 Direct F2, 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 -60.7K -25% $0.00 182K Mar 31, 2024 Common Stock 60.7K Direct F1, F4
* 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 by the reporting person.
F3 The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $19.465 to $19.83, 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 On March 31, 2023, the reporting person was granted 242,995 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.