Jeffrey Gennette - Jul 9, 2021 Form 4 Insider Report for Macy's, Inc. (M)

Signature
/s/ Steven R. Watts, as attorney-in-fact for Jeffrey Gennette pursuant to a Power of Attorney
Stock symbol
M
Transactions as of
Jul 9, 2021
Transactions value $
-$1,464,354
Form type
4
Date filed
7/13/2021, 03:37 PM
Next filing
Mar 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction M Common Stock Options Exercise +137K +79.01% 310K Jul 9, 2021 Direct F1
transaction M Common Stock Sale -$1.46M -77.2K -24.93% $18.97 232K Jul 12, 2021 Direct F2, F3
holding M Common Stock 4.41K Jul 9, 2021 By 401(k) Plan 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 -137K -25% $0.00 410K Jul 9, 2021 Common Stock 137K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-for-one conversion.
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 $18.905 to $19.03, 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 Reflects the reporting person's interest in Macy's stock under the Issuer's 401(k) plan, derived by dividing the value of the undivided interest of the reporting person in the applicable investment fund as of July 12, 2021 by $19.10, the stock price on such date.
F5 On July 9, 2020 the reporting person was granted 546,757 restricted stock units, vesting in four equal installments beginning on the first anniversary of the grant date.