CarMax CEO William Nash's 2020 pay rises 5% to $9.4M
CarMax reports 2020 executive compensation
By ExecPay News
Published: May 8, 2020
CarMax reported fiscal year 2020 executive compensation information on May 8, 2020.
In 2020, six CarMax executives received on average a compensation package of $3.9M, a 8% decrease compared to previous year.
Average pay of disclosed executives at CarMax
William D. Nash, Chief Executive Officer, received $9.4M in total, which increased by 5% compared to 2019. 56% of Nash's compensation, or $5.3M, was in option awards. Nash also received $131K of change in pension value and nonqualified deferred compensation earnings, $2.1M in non-equity incentive plan, $1.1M in salary, $583K in stock awards, as well as $263K in other compensation.
For fiscal year 2020, the median employee pay was $42,691 at CarMax. Therefore, the ratio of William D. Nash's pay to the median employee pay was 220 to one.
Edwin J. Hill, Chief Operating Officer, received a compensation package of $3.5M, which increased by 7% compared to previous year. 46% of the compensation package, or $1.6M, was in option awards.
Thomas W. Reedy, Executive VP, Finance, earned $3.5M in 2020, a 4% increase compared to previous year.
Eric M. Margolin, General Counsel, received $2.8M in 2020, which decreases by 4% compared to 2019.
James Lyski, Chief Marketing Officer, earned $2.3M in 2020, a 3% decrease compared to previous year.
Enrique N. Mayor-Mora, Chief Financial Officer, received $1.6M in 2020.
CarMax's fiscal year ends on February 28.
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Source: SEC filing on May 8, 2020.