Macy's Director Richard L. Markee Receives 1,235-Share Award

What Happened
Richard L. Markee, a director of Macy's, was granted 1,235 stock units on 2026-09-30. The units are reported at an average value of $23.28 each, for a total reported value of $28,745. This transaction is recorded as an award/acquisition (derivative stock units), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; Filing date: 2026-10-01 (no late filing indicated in the provided record).
• Award: 1,235 units at $23.28 each; total reported value $28,745. (Transaction code A = Award/Grant/Other acquisition.)
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: 1-for-1 conversion (units convert one-for-one to common shares).
  • F2: Units are to be settled in common stock upon the reporting person's termination from the Board of Directors (i.e., settlement occurs on departure).
  • F3: The per-unit price is the average value of the stock units granted each month during the quarter for which this report is filed.

Context
This was a compensation award (derivative stock units) rather than a direct market purchase. Such awards are common for directors and reflect compensation practices; they do not necessarily indicate the director bought stock on the open market. The units will convert to actual Macy's shares upon Markee's termination from the board, per the filing notes.