Jeffrey Gennette - Mar 24, 2022 Form 4 Insider Report for Macy's, Inc. (M)

Role
Chairman and CEO, 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 24, 2022
Transactions value $
-$2,628,279
Form type
4
Date filed
3/25/2022, 06:36 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 +191K +82.01% $0.00 423K Mar 24, 2022 Direct F1
transaction M Common Stock Tax liability -$280K -10.6K -2.51% $26.35 413K Mar 24, 2022 Direct F2
transaction M Common Stock Sale -$2.35M -89.2K -21.61% $26.34 323K Mar 25, 2022 Direct F3, F4
holding M Common Stock 4.45K Mar 24, 2022 By 401(k) Plan F5

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 +161K $0.00 161K Mar 24, 2022 Common Stock 161K Direct F6, F7
* 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 19,234 dividend shares accrued during the performance period.
F2 Withholding by Macy's, Inc. of 10,637 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 $26.71, 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 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 March 24, 2022 by $26.35 the stock price on such date.
F6 Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.
F7 The restricted stock units vest one-fourth on each of the first, second, third and fourth anniversaries of the date granted.