Elisa Garcia C. - Mar 24, 2022 Form 4 Insider Report for Macy's, Inc. (M)

Role
EVP, CLO & Secretary
Signature
/s/ Steven R. Watts, as attorney-in-fact for Elisa D. Garcia pursuant to a Power of Attorney
Stock symbol
M
Transactions as of
Mar 24, 2022
Transactions value $
-$299,332
Form type
4
Date filed
3/25/2022, 05:16 PM
Previous filing
Jul 13, 2021
Next filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction M Common Stock Award $0 +31.6K +71.62% $0.00 75.6K Mar 24, 2022 Direct F1
transaction M Common Stock Tax liability -$30.2K -1.15K -1.52% $26.35 74.5K Mar 24, 2022 Direct F2
transaction M Common Stock Sale -$269K -10.2K -13.72% $26.34 64.2K Mar 25, 2022 Direct F3, 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 Award $0 +22.8K $0.00 22.8K Mar 24, 2022 Common Stock 22.8K Direct F5, F6
* 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 in March 2019 following a 3-year (fiscal 2019 - 2021) performance period. Number includes 3,181 dividend shares accrued during the performance period.
F2 Withholding by Macy's, Inc. of 1,147 shares of common stock to satisfy reporting person's tax withholding obligations in connection with the vesting of accrued dividends on performance restricted stock units and delivery of common stock on March 24, 2022 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 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 $26.10 to $26.72, 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 Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
F6 The restricted stock units vest one-fourth on each of the first, second, third and fourth anniversaries of the date granted.