· Short-Term Incentives − Annual Cash Incentives for corporate colleagues tied to performance. − Path to Growth: Every job matters, and the Path to Growth Incentive plan recognizes the role our frontline colleagues play in driving our success. The quarterly incentive is tied directly to measurable goals that align to the colleague’s work area. − Macy’s Make Magic Awards: These annual awards recognize teams who exhibit extraordinary effort and achieve extraordinary results in the areas of: D&I, leadership and innovation, as well as top teams in stores, digital, technology, merchandising and supply chain. − Bloomingdale’s Golden B and Best of the Best: The Golden B event happens twice a year and recognizes outstanding performance in all areas of selling and support. On an annual basis, Bloomingdale’s conducts their Best of the Best awards which celebrate achievements across the business. Benefit Option Part-Time Colleagues (20 hours/ week) Full-Time Colleagues (30 hours/ week) Accident Insurance AD&D Insurance Critical Illness Insurance Dental Health Savings Account Hospital Indemnity Insurance Life Insurance Long-Term Disability Medical Short-Term Disability Vision Benefit Option All Colleagues Part-Time Colleagues (20 hours/ week) Full-Time Colleagues (30 hours/ week) 401K and Company Match* Auto Coverage Colleague Discount College Bound 529 Commuter Benefits Dependent Care FSA Discount Mall Group Legal Plan Health Care FSA Home Coverage Identity Theft Protection Limited FSA North Star Relief Fund 501(c)(3) Tuition Reimbursement − Macy’s Spot Bonus: Cash rewards for colleagues who go above and beyond in living our behaviors. − Commissions for store colleagues on customer sales. · Long-Term Incentives − Core Management Equity Program: Rewards eligible senior management with annual equity grants. In 2020, we implemented additional recognition programs to thank our colleagues for their vital work in helping to keep our business running during immensely difficult circumstances. To recognize their immense efforts, we thanked our colleagues through thank you bonuses and hero pay. *To be eligible for Macy's, Inc. 401k company match, a colleague must have one year of service and work 1,000 or more hours. | Sustainability Report 2020 Return to Table of Contents 27