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Companies Carmax Inc

Carmax (KMX): executive pay, fiscal 2026

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CEO total pay$4,208,674CEO David McCreight · source
Say-on-pay support94.99%Latest vote · source
CEO vs. named peers1st pct.Of 1 peer CEOs
CEO pay ratio318:1To the median employee · source

CEO pay, last three years

  • $4,208,674FY2026

CEO total pay was $4,208,674 in fiscal 2026; the brief holds no earlier figure for this CEO.

FY2026: salary $300,000 · bonus $0 · stock awards $3,599,999 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Carmax Inc in fiscal 2026?
As disclosed, William Nash (Former President and Chief Executive Officer) was the highest-paid executive at Carmax Inc in fiscal 2026, with total compensation of $14,245,563.
How does Carmax Inc's chief executive pay compare to its disclosed peer group?
As disclosed, David McCreight's total compensation ranked at the 1st percentile of Carmax Inc's disclosed peer group.
What is Carmax Inc's CEO-to-median employee pay ratio?
As disclosed, Carmax Inc's CEO-to-median employee pay ratio was 318:1.
How did shareholders vote on Carmax Inc's executive compensation?
As disclosed, 94.99% of shareholders supported Carmax Inc's executive compensation in the latest say-on-pay vote.
How much does Carmax Inc spend in total on board compensation for fiscal 2026?
As disclosed, Carmax Inc reported total board compensation of $4,062,262 for fiscal 2026.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
William Nash$927,216$0$6,024,695$5,249,987$487,226$14,932$1,541,507$14,245,563
Former President and Chief Executive Officer
David McCreight300,00003,599,999000308,6754,208,674
Interim President and Chief Executive Officer
Enrique Mayor-Mora800,96501,137,1001,024,990227,8250136,0443,326,924
EVP and Chief Financial Officer
Charles Joseph Wilson722,42301,137,1001,024,990205,4857,847125,5883,223,432
EVP and Chief Operating Officer
Diane Cafritz690,64001,137,0961,025,012196,4354,005113,2043,166,392
EVP and Chief Innovation and People Officer
Shamim Mohammad645,98101,037,116925,001183,7420118,3342,910,174
EVP and Chief Information and Technology Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2026 totalFY2025 totalFY2024 totalΔ FY2025→2026
William Nash$14,245,563$17,116,845$12,257,314↓ −2,871,282
David McCreight4,208,674———
Enrique Mayor-Mora3,326,9244,074,7632,602,432↓ −747,839
Charles Joseph Wilson3,223,4323,865,1712,398,348↓ −641,739
Diane Cafritz3,166,392———
Shamim Mohammad2,910,1743,498,2042,394,452↓ −588,030

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

CarMax has a pay-for-performance philosophy. The Committee believes that the best way to implement this philosophy is by tying a significant portion of our executives total direct compensation to the attainment of our financial goals and multi-year stock price appreciation.

CEO STI target (% of salary)175%
CEO LTI target (% of salary)—
Independent consultantSemler Brossy
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Enrique Mayor-MoraPSU2025-05-017,82215,644—31,288$1,024,995
Diane CafritzPSU2025-05-017,05914,118—28,236925,011
Charles Joseph WilsonPSU2025-05-018561,711—3,422112,105
Diane CafritzPSU2025-06-30—1,066—2,13299,980
William NashPSU2025-05-015,91211,824—23,648774,708
Enrique Mayor-MoraPSU2025-05-018561,711—3,422112,105
Diane CafritzPSU2025-05-018561,711—3,422112,105
Charles Joseph WilsonPSU2025-05-017,82215,644—31,2881,024,995
Shamim MohammadPSU2025-05-017,05914,118—28,236925,011
William NashOPTION2025-05-01——200,152—5,249,987
David McCreightRSU2025-12-26——91,673—3,599,999
Shamim MohammadPSU2025-05-018561,711—3,422112,105
William NashPSU2025-05-0140,06480,128—160,2565,249,987
Enrique Mayor-MoraOPTION2025-05-01——39,077—1,024,990
Charles Joseph WilsonOPTION2025-05-01——39,077—1,024,990
Diane CafritzOPTION2025-06-30——3,685—100,011
Diane CafritzOPTION2025-05-01——35,265—925,001
Shamim MohammadOPTION2025-05-01——35,265—925,001

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Enrique Mayor-Mora$0$1,137,100$1,024,99052.6%
Diane Cafritz01,137,0961,025,01252.6%
Charles Joseph Wilson01,137,1001,024,99052.6%
William Nash06,024,6955,249,98753.4%
Shamim Mohammad01,037,116925,00152.9%
David McCreight3,599,999000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Diane CafritzRSU491—$21,196
Charles Joseph WilsonOption62759.24—
Enrique Mayor-MoraRSU3,369—145,440
Charles Joseph WilsonRSU3,369—145,440
Diane CafritzRSU3,369—145,440
Shamim MohammadRSU3,369—145,440
Diane CafritzOption3,68567.21—
Charles Joseph WilsonOption6,71691.14—
Enrique Mayor-MoraOption8,14091.14—
Diane CafritzOption8,14091.14—
Shamim MohammadOption8,14091.14—
Diane CafritzRSU11,903—513,853
Shamim MohammadRSU11,903—513,853
Enrique Mayor-MoraRSU13,391—578,089
Charles Joseph WilsonRSU13,391—578,089
Diane CafritzRSU14,118—609,474
Shamim MohammadRSU14,118—609,474
Enrique Mayor-MoraRSU15,644—675,351
Charles Joseph WilsonRSU15,644—675,351
Enrique Mayor-MoraOption18,64170.48—
Charles Joseph WilsonOption18,64170.48—
Diane CafritzOption18,64170.48—
Shamim MohammadOption18,64170.48—
Diane CafritzOption20,56267.21—
Shamim MohammadOption20,56267.21—
Enrique Mayor-MoraOption23,13267.21—
Charles Joseph WilsonOption23,13267.21—
William NashRSU23,293—1,005,559
Diane CafritzOption35,26565.52—
Shamim MohammadOption35,26565.52—
Enrique Mayor-MoraOption39,07765.52—
Charles Joseph WilsonOption39,07765.52—
William NashRSU78,113—3,372,138
William NashRSU80,128—3,459,126
David McCreightRSU91,673—3,957,523
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thomas J. FolliardEmployee director · Board Chair$221,250$185,029$0—$1,420,549$1,826,828
Mitchell D. SteenrodIndependent · Lead Independent Director · Audit · Nominating and Governance · Not standing for re-election158,833185,0290—13,640357,502
Peter J. BensenIndependent · Audit (Chair)144,000185,0290—5,000334,029
Sona ChawlaIndependent · Compensation and Personnel · Technology and Innovation (Chair)132,250185,0290——317,279
Shira D. GoodmanIndependent · Nominating and Governance (Chair) · Compensation and Personnel · Not standing for re-election123,250185,0290——308,279
Mark F. O'Neil120,167185,0290——305,196
Pietro SatrianoIndependent · Audit · Technology and Innovation108,250185,0290——293,279
Marcella ShinderIndependent · Nominating and Governance · Technology and Innovation102,500185,0290——287,529
Ronald E. BlaylockIndependent · Compensation and Personnel · Not standing for re-election · Departed during FY32,25000—9132,341
James KesslerIndependent · Audit · Newly elected000—00
William C. CobbIndependent · Technology and Innovation · Newly elected000—00
William D. NashEmployee director · Departed during FY000000
David W. McCreightEmployee director · Compensation and Personnel · Nominating and Governance000000
Robert T. O'ShaughnessyNewly elected000—00
Keith BarrEmployee director · Newly elected000000

Board fee structure and ownership guideline

Annual cash retainer$95,000
Annual equity retainer$185,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)35,000 / 25,000 / 20,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2026
Cash retainers and fees$1,142,750
Equity awards (grant-date value)$1,480,232
All other compensation$1,439,280
Total cost of the board$4,062,262

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Carmax as a peer

Companies that benchmark against KMX

15 companies name KMX as a compensation peer

Each company listed discloses KMX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named KMX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2026

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

Of the companies Carmax Inc names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Carmax Inc.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Performance-2026Scott McPherson$880,385$4,250,191$0$1,933,218$7,129,941
2Carmax Inc2026David McCreight300,0003,599,999004,208,674

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Carmax Inc30%PSU 50 · Options 50NoSemler Brossy
Performance-150.4%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners, LLC

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-23107,869,9765,685,8351,762,73494.99%Passed
20252025-06-24110,883,25215,376,5272,019,00487.82%Passed
20242024-06-25120,308,32413,766,9491,785,47489.73%Passed
20232023-06-2793,327,26639,044,5962,110,24970.5%Passed
20222022-06-28133,743,5774,824,0441,257,08096.52%Passed
20212021-06-29135,883,5215,194,1881,867,82696.32%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-06-2394.99%a
20252025-06-2487.82%b
20242024-06-2589.73%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted in determining the number of votes cast on Proposals One, Two, Three, and Four.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted in determining the number of votes cast on Proposals One, Two, Three, and Four.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted in determining the number of votes cast on Proposals One, Two, and Three.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)318 : 1
CEO total compensation$18,454,237
Median employee compensation$58,023
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (49 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, William Nash. DEF 14A, filed 2026-05-12. Section “Summary Compensation Table for Fiscal 2026” · page 46. As printed: 14,245,563. View filing ↗
  • Section 01, David McCreight. DEF 14A, filed 2026-05-12. Section “Summary Compensation Table for Fiscal 2026” · page 46. As printed: 4,208,674. View filing ↗
  • Section 01, Enrique Mayor-Mora. DEF 14A, filed 2026-05-12. Section “Summary Compensation Table for Fiscal 2026” · page 46. As printed: 3,326,924. View filing ↗
  • Section 01, Charles Joseph Wilson. DEF 14A, filed 2026-05-12. Section “Summary Compensation Table for Fiscal 2026” · page 46. As printed: 3,223,432. View filing ↗
  • Section 01, Diane Cafritz. DEF 14A, filed 2026-05-12. Section “Summary Compensation Table for Fiscal 2026” · page 46. As printed: 3,166,392. View filing ↗
  • Section 01, Shamim Mohammad. DEF 14A, filed 2026-05-12. Section “Summary Compensation Table for Fiscal 2026” · page 46. As printed: 2,910,174. View filing ↗
  • Section 03, Enrique Mayor-Mora PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Diane Cafritz PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Charles Joseph Wilson PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Diane Cafritz PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, William Nash PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Enrique Mayor-Mora PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Diane Cafritz PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Charles Joseph Wilson PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Shamim Mohammad PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, William Nash OPTION. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, David McCreight RSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Shamim Mohammad PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, William Nash PSU. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Enrique Mayor-Mora OPTION. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Charles Joseph Wilson OPTION. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Diane Cafritz OPTION. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Diane Cafritz OPTION. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Shamim Mohammad OPTION. DEF 14A, filed 2026-05-12. Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-05-12. Section “CEO Pay Ratio”. As printed: 318 : 1. View filing ↗
  • Section 08, Thomas J. Folliard. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 1,826,828. View filing ↗
  • Section 08, Mitchell D. Steenrod. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 357,502. View filing ↗
  • Section 08, Peter J. Bensen. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 334,029. View filing ↗
  • Section 08, Sona Chawla. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 317,279. View filing ↗
  • Section 08, Shira D. Goodman. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 308,279. View filing ↗
  • Section 08, Mark F. O'Neil. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 305,196. View filing ↗
  • Section 08, Pietro Satriano. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 293,279. View filing ↗
  • Section 08, Marcella Shinder. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 287,529. View filing ↗
  • Section 08, Ronald E. Blaylock. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 32,341. View filing ↗
  • Section 08, James Kessler. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, William C. Cobb. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, William D. Nash. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, David W. McCreight. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Robert T. O'Shaughnessy. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Keith Barr. DEF 14A, filed 2026-05-12. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-24. Item 5.07 · say-on-pay result. As reported: 94.99% (votes for as printed: 107,869,976). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-06-26. Item 5.07 · say-on-pay result. As reported: 87.82% (votes for as printed: 110,883,252). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-27. Item 5.07 · say-on-pay result. As reported: 89.73% (votes for as printed: 120,308,324). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,142,750 + equity 1,480,232 + all other 1,439,280 = 4,062,262, summed across the director compensation table rows.
  • Performance-, Section 10b CEO total. DEF 14A, filed 2026-10-09. CEO total compensation as printed in Performance-'s own proxy. As printed: 7,129,941. View filing ↗
  • Carmax Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-05-12. CEO total compensation as printed in Carmax Inc's own proxy. As printed: 4,208,674. View filing ↗
  • Section 10a, Performance- reciprocity. DEF 14A. Performance-'s most recent proxy was read; its disclosed peer group does not include Carmax Inc. View filing ↗
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