NEW YORK (Dow Jones)--Macy's Inc. (M) will award five top officers,
including Chairman Terry Lundgren, a total of nearly 1.3 million shares
if the retailer's stock can outperform the shares of most of its chief
rivals during the next three years.

Most of the 1.27 million shares would go to Lundgren, who would receive
666,666 shares under the "Founders Awards" program set up by the
department store chain this week.

The Founders Awards are structured as performance-restricted stock
units and vest over a period covering fiscal years 2009 to 2011,
according to a regulatory filing by Macy's this week.

more...http://online.wsj.com/article/BT-CO-20090327-709363.html