CarMax CEO William Nash's 2019 pay rises 15% to $9M
CarMax reports 2019 executive compensation
By ExecPay News
Published: May 6, 2019
CarMax reported fiscal year 2019 executive compensation information on May 6, 2019.
In 2019, five CarMax executives received on average a compensation package of $4.2M, a 1% increase compared to previous year.
Average pay of disclosed executives at CarMax
William D. Nash, Chief Executive Officer, received $9M in total, which increased by 15% compared to 2018. 50% of Nash's compensation, or $4.5M, was in option awards. Nash also received $5.1K of change in pension value and nonqualified deferred compensation earnings, $1.6M in non-equity incentive plan, $1.1M in salary, $1.5M in stock awards, as well as $288K in other compensation.
For fiscal year 2019, the median employee pay was $38,554 at CarMax. Therefore, the ratio of William D. Nash's pay to the median employee pay was 232 to one.
Thomas W. Reedy, Chief Financial Officer, received a compensation package of $3.4M, which decreased by 2% compared to previous year. 43% of the compensation package, or $1.5M, was in option awards.
Edwin J. Hill, Chief Operating Officer, earned $3.3M in 2019, a 8% increase compared to previous year.
Eric M. Margolin, General Counsel, received $2.9M in 2019, which decreases by 1% compared to 2018.
James Lyski, Chief Marketing Officer, earned $2.4M in 2019.
CarMax's fiscal year ends on February 28.
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Source: SEC filing on May 6, 2019.