Chandoha Marie A 4

What Happened
Marie A. Chandoha, a director of Macy's, Inc. (M), was granted 8,348 restricted stock units (RSUs) on June 5, 2026. The grant was reported as a derivative award with an acquisition price of $0.00 — RSUs represent the right to receive one share of common stock per unit upon vesting rather than an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-06-05; Filing date: 2026-06-08 (filed timely).
• Grant: 8,348 restricted stock units (RSUs) at $0.00 recorded as an award (Form 4 code A).
• Shares owned after transaction: not specified in the filing.
• Footnotes: (1) Each RSU equals one share of Macy's common stock. (2) RSUs vest on the earlier of one year from grant or the issuer's next annual meeting; vested shares will be automatically deferred and delivered six months after the director's service on the Board ends.
• This is a grant/compensation award (not an open-market purchase or sale).

Context
RSU grants are common director compensation and do not represent immediate market buying or selling — they convert to shares only upon vesting and are subject to deferral/delivery rules described above. Because this is an award (not a purchase or sale), it should be viewed as compensation-related rather than a direct signal of the director trading on company prospects.