Macy's CEO, Tony Spring, has a total yearly compensation of $5.78 million. This figure represents his overall earnings package, including salary and various forms of bonuses.
Macy's CEO Compensation Breakdown
Tony Spring, who was appointed CEO in February 2024, has a tenure of less than a year in his current role. His compensation structure is primarily weighted towards performance-based incentives.
Here’s a breakdown of his total yearly compensation:
| Compensation Component | Amount/Percentage |
|---|---|
| Total Yearly Compensation | $5.78 million |
| Base Salary | 16.9% |
| Bonuses | 83.1% |
The significant portion of his compensation, 83.1%, comes from bonuses. These typically include performance-based incentives such as company stock and options, aligning the CEO's financial interests with the company's long-term performance and shareholder value.
Share Ownership
In addition to his annual compensation, Tony Spring also holds a direct ownership stake in Macy's. He directly owns 0.096% of the company's shares, which are valued at approximately $4.34 million. This ownership further ties his financial success to the company's market performance.
