VARGA PAUL C 4

What Happened
Paul C. Varga, a director of Macy's, was granted 8,348 restricted stock units (RSUs) on June 5, 2026. The award was reported on Form 4 with an acquisition price of $0.00 (an equity award rather than a purchase). Each RSU represents a right to one share of Macy's common stock when vested.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (no late filing flagged in the report).
• Transaction type/code: Award/Grant (A); 8,348 RSUs granted at $0.00.
• Price/value: RSUs recorded at $0.00 on grant; no immediate cash exchanged.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: (1) Each RSU equals one share of common stock. (2) RSUs vest on the earlier of one year from grant or the issuer's next annual meeting; vested shares will be deferred and delivered six months after the director's board service ends.

Context
This was an equity award to a director (not an open-market purchase or sale). RSU grants are commonly used for director compensation and do not necessarily signal a near-term trading decision — the units convert to shares only upon vesting and are further deferred for delivery after board service ends.