Olivier Bron - 01 Nov 2025 Form 4 Insider Report for Macy's, Inc. (M)

Role: CEO, Bloomingdale's
Signature: /s/ Steven R. Watts, as attorney-in-fact for Olivier Bron pursuant to a Power of Attorney
Issuer symbol: M
Transactions as of: 01 Nov 2025
Net transactions value: -$179,483
Form type: 4
Filing time: 03 Nov 2025, 16:16:03 UTC
Previous filing: 07 Apr 2025
Next filing: 09 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Bron Olivier	CEO, Bloomingdale's	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK	/s/ Steven R. Watts, as attorney-in-fact for Olivier Bron pursuant to a Power of Attorney	03 Nov 2025	0002016845

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	M	Common Stock	Options Exercise		+18,656	+299%		24,902	01 Nov 2025	Direct	F1
transaction	M	Common Stock	Options Exercise		+3,109	+12%		28,011	01 Nov 2025	Direct	F1
transaction	M	Common Stock	Tax liability	$179,483	-9,209	-33%	$19.49	18,802	03 Nov 2025	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	-18,656	-50%	$0.000000	18,657	01 Nov 2025	Common Stock	18,656		Direct	F1, F3
transaction	M	Restricted Stock Units	Options Exercise	$0	-3,109	-33%	$0.000000	6,219	01 Nov 2025	Common Stock	3,109		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	Withholding by Macy's, Inc. of 9,209 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 November 3, 2025 and does not represent a discretionary transaction by the reporting person.
F3	On November 1, 2023, the reporting person was granted 37,313 restricted stock units vesting in two equal installments beginning on November 1, 2025 and November 1, 2026.
F4	On November 1, 2023, the reporting person was granted 12,437 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.