Time to shop? Macy's Lundgren sees 11% rise in pay

April 1, 2015 5:58 PM

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Macy’s CEO Terry Lundgren’s compensation package rose 11% to $12.7 million in 2014, the department store chain said Wednesday.

Lundgren’s salary was unchanged at $1.6 million, while his stock award rose to $5 million from $4.76 million in 2013 and the value of his stock option award rose to $3.3 million from $3.1 million, Macy’s M said in its annual proxy. The company also awarded Lundgren a $2.5 million incentive award.

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