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Share Name | Share Symbol | Market | Type |
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Macys Inc | NYSE:M | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 18.15 | 5 | 10:09:53 |
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Annual base salary of $770,000; annual target incentive opportunity of 100% of base salary under the Senior Executive Incentive Compensation Plan; and a target annual equity grant with a grant date fair value of $1,415,000 under the 2018 Equity and Incentive Compensation Plan (the “Plan”), in a combination of performance-based restricted stock units and stock options, weighted 60% and 40%, respectively, based on grant date fair value. The performance-based restricted stock units will vest at the end of a three-year performance period based on performance against pre-determined goals and the stock options will vest 25% on each of the first four anniversaries of the grant date. Annual incentive opportunity and annual equity grant will be prorated for fiscal 2018.
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Sign-on bonus of $300,000 payable upon hire, subject to a repayment agreement. Ms. Price must repay 100% of the sign-on bonus if she voluntarily terminates employment within the first 12 months of hire date and 50% if she voluntarily terminates employment within months 13 to 24.
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Sign-on equity grants under the Plan of stock options and time-based restricted stock units each with a grant date fair value of $350,000 and vesting in one-third increments on each of the first three anniversaries of the grant date.
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Participation in the Company’s Senior Executive Severance Plan, Change in Control Plan and relocation program.
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MACY’S, INC.
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Dated: May 25, 2018
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By:
/s/Ann Munson Steines
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Name: Ann Munson Steines
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Title: Senior Vice President, Deputy General Counsel and
Assistant Secretary
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1 Year Macys Chart |
1 Month Macys Chart |
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