Macy's (M) executive compensation, 2026 proxy

Tony Spring, Chairman and Chief Executive Officer, was paid $14.1M in fiscal 2025, down 14% from $16.5M the year before. The CEO-to-median-employee pay ratio was 368:1, on median employee pay of $38,296.

Filed
March 31, 2026
Annual meeting
May 15, 2026
Pay year
fiscal 2025
Named executives
6
CEO total pay
$14.1M-14% vs prior year
CEO to median employee
368:1median $38,296
CEO pay in equity
64%$9M in awards
Prior say-on-pay support
89%of votes cast
2025 Say-on-Pay Support
88.8%Votes cast in favor
CEO 2025 Total Compensation
$14,104,067Down from prior year
Median Employee Pay
$38,296Annual total compensation
CEO to Median Employee Ratio
368:1For fiscal 2025

How Spring was paid

$14.1M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary9%Stock awards64%Non-equity incentive23%Pension and deferred comp2%All other compensation1%

Named executive officers

ExecutiveTotal
Tony SpringChairman and Chief Executive Officer$14,104,067
Thomas J. EdwardsChief Operating Officer and Chief Financial Officer$7,016,056
Danielle L. KirganChief Human Resources and Corporate Affairs Officer$3,958,847
Tracy M. PrestonChief Legal Officer$2,943,272
Olivier BronChief Executive Officer, Bloomingdale's$4,756,362
Adrian V. MitchellFormer Chief Operating Officer and Chief Financial Officer$5,686,912

What changed and why

  • Fiscal 2025 marked the second year of the Bold New Chapter strategy returning to positive annual comparable sales growth enterprise-wide.
  • $14.1MTony Spring received total compensation of $14,104,067 in fiscal 2025 compared to $16,452,108 in fiscal 2024.
  • 70%At least 70% of NEO target compensation was linked to performance objectives and stock price performance.
  • 7.4%Bloomingdale's grew comparable sales by 7.4% in 2025 reflecting elevated focus on relevant merchandise and customer service.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.