CarMax CEO William Nash's 2022 pay jumps 38% to $14M
CarMax reports 2022 executive compensation
By ExecPay News
Published: May 10, 2022
CarMax reported fiscal year 2022 executive compensation information on May 10, 2022.
In 2022, seven CarMax executives received on average a compensation package of $4.7M, a 14% increase compared to previous year.
Average pay of disclosed executives at CarMax
William D. Nash, Chief Executive Officer, received $14M in total, which increased by 38% compared to 2021. 44% of Nash's compensation, or $6M, was in option awards. Nash also received $3.5M in non-equity incentive plan, $1.2M in salary, $2.6M in stock awards, as well as $347K in other compensation.
For fiscal year 2022, the median employee pay was $51,674 at CarMax. Therefore, the ratio of William D. Nash's pay to the median employee pay was 265 to one.
Edwin J. Hill, Chief Operating Officer, received a compensation package of $4.3M, which increased by 20% compared to previous year. 38% of the compensation package, or $1.6M, was in option awards.
James Lyski, Chief Marketing Officer, earned $3.5M in 2022, a 44% increase compared to previous year.
Shamim Mohammad, Executive VP and Chief Information and Technology Officer, received $3.1M in 2022.
Eric M. Margolin, General Counsel, earned $2.9M in 2022, which is about the same as previous year.
Enrique N. Mayor-Mora, Chief Financial Officer, received $2.8M in 2022, which increases by 27% compared to 2021.
Diane L. Cafritz, Chief Human Resources Officer, earned $2.6M in 2022.
CarMax's fiscal year ends on February 28.
Related executives
William Nash
CarMax
Chief Executive Officer
Enrique Mayor-Mora
CarMax
Chief Financial Officer
James Lyski
CarMax
Chief Marketing Officer
Shamim Mohammad
CarMax
Executive VP and Chief Information and Technology Officer
Diane Cafritz
CarMax
Chief Human Resources Officer
Edwin Hill
CarMax
Chief Operating Officer
Eric Margolin
CarMax
General Counsel
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Source: SEC filing on May 10, 2022.