X0306 4 2020-02-28 0 0000794367 Macy's, Inc. M 0001457264 Gennette Jeffrey C/O MACY'S, INC. 151 WEST 34TH STREET NEW YORK NY 10001 1 1 0 0 Chairman and CEO Common Stock 2020-02-28 4 A 0 127060 0 A 231113 D Common Stock 2020-02-28 4 F 0 10918 13.23 D 220195 D Common Stock 2020-03-02 4 S 0 47190 12.7191 D 173005 D Common Stock 4099.7347 I By 401(k) Plan Settlement of performance restricted stock units granted in March 2017 following a 3-year ( fiscal 2017-2019) performance period. Number includes 20,513 dividend shares accrued during the performance period. Withholding by Macy's, Inc. of 10,918 shares of common stock to satisfy reporting person's tax withholding obligations in connection with the vesting of accrued dividends on performance restricted stock units and delivery of common stock on February 28, 2020. Reflects the reporting person's interest in Macy's stock under the Issuer's 401(k) plan, derived by dividing the value of the undivided interest of the reporting person in the applicable investment fund as of February 28, 2020 by $13.23, the stock price of such date. /s/ Steven R. Watts, as attorney-in-fact for Jeffrey Gennette pursuant to a Power of Attorney 2020-03-03