President and Chief Executive Officer · CF Industries Holdings, Inc. (CF)

W. Anthony Will

A named executive officer of CF Industries in every fiscal year CompBrief holds from FY2017 to FY2025. Every figure below is printed as the company filed it and cited to the filing it came from.

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Total disclosed compensation, FY2025

$13,711,938

FY2024: $12,296,083

1st of 5 named executive officers at CF Industries by FY2025 total.

5 named officers on file for CF Industries, FY2025

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What this number hides

The filing gives the total. CF Industries’s full Executive Compensation Report gives every award, the disclosed peer set and what the total leaves out — the pair adds the board’s.

Compensation figures as of the proxy filed March 17, 2026 (DEF 14A). Insider transactions since that proxy, current to 2026-11-07.

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W. Anthony Will compensation by year

CF Industries Summary Compensation Table · all 9 fiscal years held
In US dollars, as CF Industries reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Salary$1,150,000$1,150,000$1,150,000$1,250,000$1,250,000$1,300,000$1,350,000$1,400,000$1,400,000
Bonus$0$0$0$0$0$0$0$0$0
Stock awards$2,919,938$3,441,898$4,743,916$6,260,802$6,767,986$9,198,580$8,754,185$7,894,754$7,726,174
Option awards$3,180,429$0$0$0$0$0$0$0$0
Non-equity incentive$1,956,200$2,872,125$2,488,658$1,846,700$3,375,000$3,510,000$2,454,300$2,646,000$4,200,000
Pension and deferred compensation$81,041$51,357$115,536$124,968$72,771$40,080$39,712$28,963$57,746
All other$174,407$242,625$260,133$222,537$219,913$230,366$301,362$326,366$328,019
Total$9,462,015$7,758,005$8,758,243$9,705,007$11,685,670$14,279,027$12,899,559$12,296,083$13,711,938

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: CF Industries Holdings, Inc. DEF 14A filed March 17, 2026, accession 0001104659-26-029482, and prior-year filings. Open the filing on EDGAR.

How this page was built: the CF Industries Holdings, Inc. filed document, accession 0001104659-26-029482. Every figure is read from that document and cited to the page and table it appears in. Filed March 17, 2026.

$9.5M
$7.8M
$8.8M
$9.7M
$11.7M
$14.3M
$12.9M
$12.3M
$13.7M
FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
SalaryNon-equity incentiveStock awardsOption awardsAll other

Equity holdings

unvested awards at FY2023 year-end
TypeUnvested unitsValue at year-endExercise price
RSU203,234$17,265,327—

Per the Outstanding Equity Awards at Fiscal Year-End table in CF Industries Holdings, Inc.'s FY2023 proxy; value at the fiscal year-end close, as the company printed it.

Insider transactions since the last proxy

3 Form 4 lines since the FY2025 proxy (filed March 17, 2026)
current to 2026-11-07 · updated nightly
DateTransactionPlanSharesPriceHeld after
2026-03-17Gift—17,654$0.00101,044
2026-03-15Disposition to the issuer—33,155$0.0021,840
2026-03-15Grant or award—96,858$0.00118,698

The 3 most recent of 3 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →

Change-in-control & termination

estimated payments CF Industries discloses, by trigger · FY2025
TriggerCash severanceAccelerated equityBenefits continuationTotal as disclosed
Change in control and involuntary termination$12,600,000$17,768,788$103,698$31,018,484
Retirement—$10,323,556—$10,323,556

Per the Potential Payments Upon Termination or Change in Control table in CF Industries Holdings, Inc.'s FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.

CF Industries’s named executive officers, FY2025

as the company reported each
Named executive officerRoleFY2025 total
W. Anthony Will · this pagePresident and Chief Executive Officer$13,711,938
Susan L. MenzelExecutive Vice President and Chief Administrative Officer$5,923,817
Christopher D. BohnExecutive Vice President and Chief Operating Officer$5,869,713
Gregory D. CameronExecutive Vice President and Chief Financial Officer$4,281,737
Bert A. FrostExecutive Vice President, Sales, Market Development, and Supply Chain$4,277,122

Board service

CF Industries board · FY2023

How this board is paid

Company policy: CF Industries pays directors a $115,000 cash retainer and $160,000 in RSUs. As stated in CF Industries's FY2023 proxy.

The full CF Industries compensation record

free company brief

This page is one person within CF Industries's record. The company brief lists every named executive, each linking to their own page.

Peer companies

named in the CF Industries proxy · each links to its own free brief

Compensation, the day it’s disclosed

The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order CF Industries's full Executive Compensation Report with peer benchmarking.

How this record is built

Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are CF Industries's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.

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W. Anthony Will's compensation dossier