Danielle L. Kirgan - Jul 9, 2022 Form 4 Insider Report for Macy's, Inc. (M)

Role
EVP, Chief Transformation Off
Signature
/s/ Steven R. Watts, as attorney-in-fact for Danielle L. Kirgan pursuant to a Power of Attorney
Stock symbol
M
Transactions as of
Jul 9, 2022
Transactions value $
-$2,044,504
Form type
4
Date filed
7/12/2022, 03:56 PM
Previous filing
Mar 28, 2022
Next filing
Mar 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction M Common Stock Options Exercise +223K +242.11% 316K Jul 9, 2022 Direct F1
transaction M Common Stock Sale -$2.04M -118K -37.29% $17.36 198K Jul 11, 2022 Direct F2, F3

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 -47.5K -33.33% $0.00 95K Jul 9, 2022 Common Stock 47.5K Direct F1, F4
transaction M Restricted Stock Units Options Exercise $0 -176K -100% $0.00* 0 Jul 9, 2022 Common Stock 176K 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 $17.2600 to $17.44, 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 sold at each separate price within the ranges set forth in this footnote to the Form 4.
F4 On July 9, 2020, the reporting person was granted 190,045 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.
F5 On July 9, 2020, the reporting person was granted 263,951 restricted stock units with 87,983 vesting on July 9, 2021 and 175,968 vesting on July 9, 2022.