Company: KMX
Filing Date: 2025-05-08
Form Type: DEF 14A
Source: 0001170010-25-000073
Chunk: 41

Company: CARMAX INC
Filing Date: 2025-05-08
Form: DEF 14A
Chunk 41
---
91,591 |     |                                                    |           |
|                       |     | 5/7/2024  |     | 3/31/2023 |     |                                                                      |         |     |        |           |     |         |           |     |                                                                |   855 |     |        |     |        |  1,710 |     |         |     |         |   3,420 |     |                                                                       |        |     |                                           |           |     |                                                    |   118,383 |
|                       |     | 5/7/2024  |     | 3/27/2024 |     |                                                                      |         |     |        |           |     |         |           |     |                                                                | 5,952 |     |        |     |        | 11,903 |     |         |     |         |  23,806 |     |                                                                       |        |     |                                           |           |     |                                                    |   824,045 |
|                       |     | 5/1/2024  |     | 3/27/2024 |     |                                                                      |         |     |        |           |     |         |           |     |                                                                |       |     |        |     |        |        |     |         |     |         |         |     |                                                                       | 27,416 |     |                                     67.21 |           |     |                                                    |   799,999 |

(a) Represents threshold, target and maximum payout levels under our Bonus Plan for fiscal 2025 performance. The actual amount of each named executive officer’s annual incentive bonus in fiscal 2025 is reported under the “Non-Equity Incentive Plan Compensation” column in the “Summary Compensation Table.” Additional information regarding the design of our Bonus Plan is included beginning on page 31.

(b) For each of our named executive officers, represents a grant of stock-settled performance stock units, which we refer to as “performance stock units” or “PSUs.” If earned, PSUs vest on the third anniversary of the first tranche’s (or, for the 2025 PSUs, only tranche’s) grant date, which for the fiscal 2023 PSUs will be May 3, 2025, for the fiscal 2024 PSUs will be May 1, 2026, and for the fiscal 2025 PSUs will be May 1, 2027