Macy’s, Inc. director Richard L. Markee reported a change in beneficial ownership on a Form 4 filed July 1, 2026, covering a transaction dated June 30, 2026. The filing reports an award or acquisition of Macy’s stock units tied to the company’s common stock. The reported derivative security consisted of **1,322 stock units** valued at an average price of **$20.8064 per share/unit**. The filing notes that the price represents the **average value of the stock units granted each month during the quarter** covered by the report. The transaction appears to relate to director compensation rather than an open-market purchase or sale. The stock units are described as convertible on a **1-for-1 basis** into Macy’s common stock. However, they are not immediately settled; the filing states that the units will be settled in common stock **upon Markee’s termination from Macy’s Board of Directors**. Following the reported transaction, the filing indicates beneficial ownership of **1,322 derivative securities** in the form of these stock units. No cash sale of Macy’s shares was reported, and the filing does not indicate a disposition of common stock. The report was signed on Markee’s behalf by **Wendy A. Beadles**, acting as attorney-in-fact under a power of attorney, on July 1, 2026.