Macy's, Inc.
For the period ended May 16, 2025. Filed Apr 1, 2025.
View on SEC.govAbout this filing
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May 16, 2025 · Filed Apr 1, 2025
M$23.08-4.6%Stored close · as of Nov 6, 2026
Contents
2024 Short-Term and Long-Term Incentive Programs
The designs of the 2024 programs support the achievement of the Bold New Chapter strategy and include key financial measures and a focus on the customer, while reflecting continued uncertainty in the macro environment at the time plans were set.
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| | | MACY’S, INC.2025 PROXY STATEMENT | 57 |
Key Features of the 2024 Incentive Program
| PROGRAM | PERFORMANCE | METRIC WEIGHT | RATIONALE |
|---|---|---|---|
| Short-Term Incentive Plan(STI) | ●Total Revenue ●Adjusted EBITDA ●Omni net Promoter Score (NPS) | 35%35%30% | ●Total revenue and Adjusted EBITDA: key financial metrics that measure top and bottom-line performance –Total revenue is a key indicator of performance across all sales channels, inclusive of comparable sales performance and is aligned with our key business priorities–Adjusted EBITDA is also a key indicator of performance across all sales channels and reflects our focus on profitable sales and overall productivity, including disciplined inventory management and effective cost management●Omni NPS galvanizes our colleagues around the customer and places emphasis on service and experience across all channels and brands●Consistent metric weighting is used for Bloomingdale’s CEO but with additional line of sight into brand performance: 71% of financial goals and 100% of NPS goals are allocated to brand results, with the remaining portion focused on Macy’s, Inc. financial results. |
| Long-Term IncentivePlan (LTI) | Mix of PRSUs and time-based RSUs, allocation equally weighted, 50% each: PRSU performance metrics: ●rTSR for 2024 – 2026 compared to the S&P Retail Select Industry Index Peer Group●3-year Adjusted EBITDA Margin (2024 – 2026) | 50%50% | ●50% split maintains a high-performance focus●rTSR focuses on long-term shareholder value and accountability for performance relative to the broader retail sector●Adjusted EBITDA margin focuses on a key bottom-line financial metric, which reflects our focus on profitable sales and operating efficiency |
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