Genesco Inc. Adopts New Short-Term Incentive Plan

Genesco Inc. has adopted a new Short-Term Incentive Plan (STIP) effective for the 2027 fiscal year, replacing its previous EVA Plan. The STIP aims to motivate employees by providing incentive awards based on the achievement of financial, operational, and strategic performance goals. These awards, determined annually by the Compensation Committee, will be paid in cash and are subject to the Committee's discretion. The plan outlines a formula for calculating bonuses, with 75% tied to business unit or corporate performance multiples and 25% to individual strategic objectives. Performance criteria include a wide range of financial and operational metrics, and the Committee has the discretion to adjust goals and reduce bonuses. Eligibility for awards generally requires participants to be full-time employees on the last day of the performance period and employed for at least 120 days. The plan also includes provisions for forfeiture, clawbacks, and compliance with Section 409A of the Code. The STIP was adopted on April 7, 2026, and is detailed in Exhibit 10.1.