Terry Lundgren is still a 1 percenter, but his share of the pie is not growing.

Amid declining sales and profits at Macy’s, the department store chain’s compensation committee decided not to hand out bonuses to its top execs and extended no raise to Lundgren, its longtime chief executive.

“Fiscal 2015 was a challenging year for us, following six consecutive years of strong financial performance,” the company said in a regulatory filing.

Lundgren’s total compensation declined 29 percent to $11.7 million in 2015, including $1.6 million in base salary and such perks as use of the company’s corporate jet — at $33,800 — and a personal car and driver, for $10,506.

Nearly 90 percent of his compensation is tied to variable incentives tied to the company’s stock price.

Lundgren, who has been CEO for the past 13 years and an employee of Macy’s for 34 years, received a $2.6 million cash bonus in 2014.

Macy’s share fell 32 cents, to $44.10, on Wednesday.