[Form 4] Macy's Inc. Insider Trading Activity

Rhea-AI Filing Summary

Paul Griscom, SVP and Controller of Macy's, Inc. (M), reported a sale of 12,843 shares of Macy's common stock on 09/11/2025 at an average price of $17.2601 per share. After the sale, Mr. Griscom beneficially owned 23,379 shares. The Form 4 was signed by an attorney-in-fact, indicating the filing was made under power of attorney.

Positive

• Timely disclosure of insider sale complying with Section 16 reporting requirements
• Transaction details provided: exact shares sold, price per share, transaction date, and post-sale beneficial ownership

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider sale disclosed; not clearly material without context on total holdings or percentage sold.

This Form 4 records an outright sale of 12,843 shares by a senior officer at a reported price of $17.2601 on 09/11/2025, leaving 23,379 shares beneficially owned. The filing meets Section 16 disclosure requirements and provides transaction price and post-transaction ownership, but lacks context on total outstanding compensation or proportion of holdings, so market impact is likely limited.

Corporate Governance Expert

TL;DR: Filing appears compliant and properly executed by attorney-in-fact; transaction seems routine.

The submission identifies the reporting person as SVP and Controller and shows an executed sale reported by counsel via power of attorney. From a governance perspective, the timely Form 4 disclosure preserves regulatory compliance. There is no indication here of unusual timing, related-party arrangements, or Rule 10b5-1 plan language in the form.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Griscom Paul

(Last) (First) (Middle)

C/O MACY'S, INC.

145 PROGRESS PLACE

(Street)

SPRINGDALE OH 45246

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Macy's, Inc. [ M ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and Controller

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/11/2025		S		12,843	D	$17.2601	23,379	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Steven R. Watts, as attorney-in-fact for Paul Griscom pursuant to a Power of Attorney	09/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What shares did Paul Griscom sell on 09/11/2025?

He sold 12,843 shares of Macy's common stock on 09/11/2025.

At what price were the Macy's (M) shares sold by Paul Griscom?

The reported average sale price was $17.2601 per share.

How many Macy's shares does Paul Griscom beneficially own after the sale?

Following the reported transaction, he beneficially owned 23,379 shares.

What is Paul Griscom's role at Macy's as listed on the Form 4?

He is listed as SVP and Controller and an officer of the issuer.

Was the Form 4 signed directly by Paul Griscom?

No; the Form 4 was signed by Steven R. Watts, attorney-in-fact, pursuant to a Power of Attorney on 09/11/2025.