Jeffrey Gennette - Mar 25, 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 25, 2022
Transactions value $: -$798,886
Form type: 4
Date filed: 3/28/2022, 05:35 PM
Previous filing: Mar 25, 2022
Next filing: Jul 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	M	Common Stock	Options Exercise		+55.2K	+17.06%		379K	Mar 25, 2022	Direct	F1
transaction	M	Common Stock	Sale	-$799K	-31.4K	-8.31%	$25.40	347K	Mar 28, 2022	Direct	F2, F3
holding	M	Common Stock						4.45K	Mar 25, 2022	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	-55.2K	-25%	$0.00	165K	Mar 25, 2022	Common Stock	55.2K		Direct	F1, F5

* 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 $25.285 to $25.51, 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 March 25, 2022 by $26.19, the stock price on such date.
F5	On March 25, 2021, the reporting person was granted 220,632 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.