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    William D. Nash

    President, Chief Executive Officer, Director at Carmax Inc
    Board
    Since September 2016
    Age
    54 years
    Tenure
    Joined KMX in 1997 as an auction manager and advanced through roles as Vice President in 2007, Senior Vice President of Merchandising, Senior Vice President of Human Resources and Administrative Services in 2011, Executive Vice President in 2012, and finally became President in February 2016 before being promoted to Chief Executive Officer and appointed to the Board of Directors in September 2016.

    Also at Carmax Inc

    CJW
    Charles Joseph Wilson
    Executive Vice President, Chief Operating Officer
    DCN
    Darren C. Newberry
    Senior Vice President, Store and CEC Execution
    DLC
    Diane L. Cafritz
    Executive Vice President, Human Resources, General Counsel, Chief Compliance Officer

    About

    William D. Nash is a seasoned executive who has dedicated a significant part of his career to KMX, where he began his journey in 1997 as an auction manager. Over the years, he progressively earned promotions and assumed extensive leadership responsibilities, demonstrating a consistent commitment to driving growth and operational excellence within the company.

    Throughout his tenure, his leadership evolved from merchandising to human resources and administrative services, reflecting his adaptability and strategic insight. This progression saw him rising from Vice President roles to senior executive positions, ultimately leading to his appointment as President in February 2016 and his subsequent promotion to Chief Executive Officer and Director in September 2016.

    At 54 years old, his experience spans decades of both operational and strategic contributions that have been pivotal in transforming the company’s trajectory. His background, marked by this steady rise through the ranks, highlights his skill in managing complex business environments and the trust placed in him by the organization’s leadership and stakeholders.

    $KMX Performance Under William D. Nash

    Past Roles

    OrganizationRoleDate RangeDetails
    CarMax (KMX)Executive Vice President, Human Resources & Administrative Services2012 – Feb 2016 Oversaw human resources, IT, procurement, loss prevention, employee health & safety, and facilities
    CarMax (KMX)Senior Vice President, Human Resources & Administrative Services2011 Promoted in 2011 to manage HR and administrative services
    CarMax (KMX)Vice President and Senior Vice President of MerchandisingBefore 2011 Served in these roles prior to 2011
    CarMax (KMX)Vice President of Auction ServicesUnknown Promoted after serving as Auction Manager
    CarMax (KMX)Auction Manager1997 – Unknown Joined CarMax in 1997 as an Auction Manager
    Circuit CityAccounting RolesBefore 1997 Held a variety of accounting roles; he is also a former CPA

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $1,231,776 Fiscal 2024Unchanged from prior fiscal year by the Compensation Committee
    All Other Compensation $259,579 Fiscal 2024Includes Personal Use of Company Plane: $106,926 ; Retirement Savings Plan Contribution: $19,800 ; Deferred Compensation Account Contributions: $117,093 ; Other (tax/financial planning services, matching charitable gifts): $15,760

    Performance Compensation

    Data from  FY 2024

    Annual Incentive Bonus

    MetricValue
    Base Salary$1,231,776
    Target Percentage of Base Salary175%
    Target Incentive Amount$2,155,608
    Actual Incentive Bonus$1,431,324
    Maximum Incentive Amount$4,311,216
    Performance Adjustment Factor66.4%
    EBIT ThresholdsAbove $935 million (+50%) and $962 million (+100%)
    Vesting ScheduleN/A – Cash-based award paid at fiscal year-end

    Long-Term Equity Awards

    MetricValue
    Number of PSUs Granted23,648 units
    First-Year Performance Adjustment Factor38%
    PSU Vesting Period3 years
    Grant DateMay 1, 2023
    Grant Date Fair Value (PSUs)$2,499,996
    Grant Date Stock Price$70.48 per share
    Stock Options Granted257,732 options
    Stock Options Vesting25% increments annually over 4 years
    Exercise Price$70.48 per share
    Outstanding PSUs (as of May 31, 2024)296,997 units (weighted average fair value: $71.11 per share)

    Grants of Plan-Based Awards

    MetricValue
    Non-Equity Incentive Plan Awards Threshold$107,780
    Non-Equity Incentive Plan Awards Target$2,155,608
    Non-Equity Incentive Plan Awards Maximum$4,311,216
    Equity Incentive Plan Awards (PSUs) Threshold2,956 units
    Equity Incentive Plan Awards (PSUs) Target11,823 units
    Equity Incentive Plan Awards (PSUs) Maximum23,646 units
    Grant DateMay 1, 2023
    Grant Date Fair Value (Stock Options)$7,500,001
    Grant Date Fair Value (PSUs)$2,499,996
    Total Grant Date Fair Value$9,999,997
    Stock Options Vesting Schedule25% annually over 4 years
    PSUs Vesting ScheduleVest at the end of a 3-year period based on annual performance targets
    Outstanding Unearned PSUs (Feb 29, 2024)23,648 units (Market/Payout Value: $1,868,192)
    Outstanding Unvested PSUs (Feb 29, 2024)4,493 units (Market Value: $354,947)

    This comprehensive breakdown covers the performance compensation components for William D. Nash in fiscal 2024, detailing the Annual Incentive Bonus, Long-Term Equity Awards, and Grants of Plan-Based Awards with their associated performance targets, thresholds, caps, vesting schedules, evaluation periods, and actual outcomes as available in the documents.