Macy's director Richard L. Markee gets stock award

The units are to be settled in Common Stock upon Markee's termination from the Board of Directors, on a 1-for-1 basis.

Rhea-AI Filing Summary

Macy's, Inc. director Richard L. Markee acquired 1,235 Phantom Stock Units as an award on September 30, 2026. The reported $23.2751 price is the average value of stock units granted each month during the quarter. His reported position following the award was 1,235 Phantom Stock Units, held directly.

Insider Trade Summary

Grant/Award: 1,235 shares

Grant/Award 1 txn

Insider MARKEE RICHARD L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F1, F3, F2	1,235	$23.2751	$29K

Holdings After Transaction: Phantom Stock Units — 1,235 contracts (Direct)

Footnotes (3)

1. F1. 1-for-1 conversion.
2. F2. Units are to be settled in Common Stock upon the Reporting Person's termination from the Board of Directors.
3. F3. The price noted is the average of the value of the stock units granted each month during the quarter for which this report is filed.

Key Figures

Phantom Stock Units awarded: 1,235 units Reported price: $23.2751 Phantom Stock Units following award: 1,235 units +1 more

4 metrics

Phantom Stock Units awarded 1,235 units Awarded September 30, 2026

Reported price $23.2751 Average value of stock units granted each month during the quarter

Phantom Stock Units following award 1,235 units Held directly

Conversion ratio 1-for-1 Units are to be settled in Common Stock upon termination from the Board of Directors

Key Terms

Phantom Stock Units, 1-for-1 conversion, settled in Common Stock

3 terms

Phantom Stock Units technical

"acquired 1,235 Phantom Stock Units as an award"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

1-for-1 conversion technical

"1-for-1 conversion."

settled in Common Stock technical

"Units are to be settled in Common Stock upon the Reporting Person's termination"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Phantom Stock Units did Macy's (M) director Richard L. Markee acquire?

Richard L. Markee acquired 1,235 Phantom Stock Units on September 30, 2026, and his reported position after the award was 1,235 units.

When will Macy's (M) Phantom Stock Units be settled?

The units are to be settled in Common Stock upon Richard L. Markee's termination from the Board of Directors, on a 1-for-1 basis.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 04:27 PM Accepted by SEC EDGAR 10/01/2026 - 04:27 PM Learn about SEC filing dates

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
Estimated average burden
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^*

MARKEE RICHARD L

(Last) (First) (Middle)

C/O MACY'S, INC.

151 WEST 34TH STREET

(Street)

NEW YORK NEW YORK 10001

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

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

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

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

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

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
Phantom Stock Units	(1)	09/30/2026		A		1,235		(2)	(2)	Common Stock	1,235	$23.2751(3)	1,235	D

Explanation of Responses:

1. 1-for-1 conversion.

2. Units are to be settled in Common Stock upon the Reporting Person's termination from the Board of Directors.

3. The price noted is the average of the value of the stock units granted each month during the quarter for which this report is filed.

Remarks:

	/s/ Wendy A. Beadles, as attorney-in-fact for Richard L. Markee pursuant to a Power of Attorney	10/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)