MARKEE RICHARD L 4

What Happened

• Richard L. Markee, a director of Macy's, received an award of 1,322 stock units (derivative acquisition) on 2026-06-30. The reported per-unit value was $20.81, for a total reported value of $27,506.
• This filing reports an award/grant (not an open-market purchase or sale). The units are derivative stock units that will convert 1-for-1 into common shares and are to be settled in common stock upon the reporting person’s termination from the Board.

Key Details

• Transaction date and terms: 2026-06-30; 1,322 units at $20.81 each (total $27,506). The price is the quarter-average value of monthly grants (footnote F3).
• Nature of award: derivative stock units; 1-for-1 conversion to common stock (F1). Units will be settled in common stock upon director's termination from the Board (F2).
• Shares owned after transaction: not provided in the information supplied.
• Filing timeliness: Report filed 2026-07-01 for period ending 2026-06-30 — appears timely.

Context

• Director stock-unit awards are a common form of compensation and do not represent an open-market purchase or sale of existing shares. These units become common stock upon the specified settlement event (here, upon termination from the Board), so there is no immediate share sale or cash exchange reported.