Company: KMX
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001170010-25-000024
Chunk: 134

Company: CARMAX INC
Filing Date: 2025-04-11
Form: 10-K
Item: Item 8
Chunk 134
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 limited to 10% of eligible compensation, up to a maximum of $10,000 per year.  For each $1.00 contributed to the plan by associates, we match $0.15.  Shares are acquired through open-market purchases.  We purchased 247,277 shares at an average price per share of $77.11 during fiscal 2025, 264,628 shares at an average price per share of $73.74 during fiscal 2024 and 251,651 shares at an average price per share of $81.40 during fiscal 2023. (D)Share-Based CompensationComposition of Share-Based Compensation Expense Years Ended February 28 or 29(In thousands)202520242023Cost of sales$5,296 $4,644 $2,269 CarMax Auto Finance income5,024 3,643 2,295 Selling, general and administrative expenses126,931 114,090 83,608 Share-based compensation expense, before income taxes$137,251 $122,377 $88,172   

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Composition of Share-Based Compensation Expense – By Grant Type Years Ended February 28 or 29(In thousands)202520242023Nonqualified stock options$41,008 $50,456 $38,629 Cash-settled restricted stock units (RSUs)55,124 48,762 23,567 Stock-settled market stock units (MSUs)19,560 16,298 15,617 Other share-based incentives:Stock-settled performance stock units (PSUs)17,167 2,046 5,123 Stock-settled deferred stock units (DSUs)1,850 1,850 1,850 Restricted stock (RSAs)— 307 806 Employee stock purchase plan2,542 2,658 2,580 Total other share-based incentives21,559 6,861 10,359 Share-based compensation expense, before income taxes$137,251 $122,377 $88,172 Unrecognized Share-Based Compensation Expense – By Grant Type As of February 28, 2025Weighted AverageUnrecognizedRemainingCompensationRecognition Life(Costs in millions)Costs(Years)Nonqualified stock options$33.6 2.0Stock-settled market stock units17.0 1.4Stock-settled performance stock units4