CarMax CEO William Nash's 2021 pay rises 5% to $9.9M
CarMax reports 2021 executive compensation
By ExecPay News
Published: May 11, 2021
CarMax reported fiscal year 2021 executive compensation information on May 11, 2021.
In 2021, five CarMax executives received on average a compensation package of $4.4M, a 15% increase compared to previous year.
William D. Nash, Chief Executive Officer, received $9.9M in total, which increased by 5% compared to 2020. 53% of Nash's compensation, or $5.2M, was in option awards. Nash also received $977 of change in pension value and nonqualified deferred compensation earnings, $1.7M in non-equity incentive plan, $967K in salary, $1.8M in stock awards, as well as $257K in other compensation.
For fiscal year 2021, the median employee pay was $46,988 at CarMax. Therefore, the ratio of William D. Nash's pay to the median employee pay was 211 to one.
Thomas W. Reedy, Former Executive VP, Finance, received a compensation package of $3.6M, which increased by 2% compared to previous year. 45% of the compensation package, or $1.6M, was in option awards.
Edwin J. Hill, Chief Operating Officer, earned $3.5M in 2021, which is about the same as previous year.
Eric M. Margolin, General Counsel, received $2.9M in 2021, which increases by 4% compared to 2020.
Enrique N. Mayor-Mora, Chief Financial Officer, earned $2.2M in 2021, a 41% increase compared to previous year.
CarMax's fiscal year ends on February 28.