Macy's CEO Jeff Gennette's 2020 pay rises 8% to $11M
Macy's reports 2020 executive compensation
By ExecPay News
Published: April 6, 2021
Macy's reported fiscal year 2020 executive compensation information on April 6, 2021.
In 2020, seven Macy's executives received on average a compensation package of $4M, a 6% decrease compared to previous year.
Average pay of disclosed executives at Macy's
Jeff Gennette, Chief Executive Officer, received $11M in total, which increased by 8% compared to 2019. 63% of Gennette's compensation, or $7M, was in stock awards. Gennette also received $307K of change in pension value and nonqualified deferred compensation earnings, $2.8M in non-equity incentive plan, $975K in salary, as well as $24K in other compensation.
For fiscal year 2020, the median employee pay was $20,085 at Macy's. Therefore, the ratio of Jeff Gennette's pay to the median employee pay was 552 to one.
Danielle L. Kirgan, Chief Transformation Officer, received a compensation package of $5.4M, which increased by 140% compared to previous year. 65% of the compensation package, or $3.5M, was in stock awards.
John Harper, Chief Operations Officer, earned $4.1M in 2020, a 21% increase compared to previous year.
Elisa D. Garcia, Chief Legal Officer, received $2.6M in 2020, which increases by 19% compared to 2019.
Adrian V. Mitchell, Chief Financial Officer, earned $2.3M in 2020.
Felicia Williams, Chief Financial Officer, received $1.6M in 2020.
Paula A. Price, Chief Financial Officer, earned $803K in 2020, a 74% decrease compared to previous year.
Macy's' fiscal year ends on February 1.
Related executives
Jeff Gennette
Macy's
Chief Executive Officer
Adrian Mitchell
Macy's
Chief Financial Officer
Elisa Garcia
Macy's
Chief Legal Officer
John Harper
Macy's
Chief Operations Officer
Danielle Kirgan
Macy's
Chief Transformation Officer
Felicia Williams
Macy's
Chief Financial Officer
Paula Price
Macy's
Chief Financial Officer
You may also like
Source: SEC filing on April 6, 2021.