Company: KMX
Filing Date: 2025-05-08
Form Type: DEF 14A
Source: 0001170010-25-000073
Chunk: 26

Company: CARMAX INC
Filing Date: 2025-05-08
Form: DEF 14A
Chunk 26
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) would be achieved if there were at least a 50% reduction in our greenhouse gas emissions during calendar year 2024 as measured against our stated goal of achieving a 50% reduction by the end of 2025 compared to our 2018 emissions.                                                                                                                                                                                                                                                          
 Half of this goal (5 percentage points) would be achieved if 90% or more of our associates completed two inclusion training modules.                                                                                                                                                                                                                                                                                                                                                                                                    |     | We achieved more than a 50% reduction in greenhouse gas emissions during calendar year 2024 as measured against our stated goal of achieving a 50% reduction by the end of 2025 compared to our 2018 emissions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 More than 90% of our associates completed the required inclusion training modules.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 Accordingly, the Committee determined 100% (10 percentage points) of these goals to have been achieved.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

#### 32

#### Select Performance Adjustment Factors
When it approved the foregoing goals, the Committee also determined that the performance adjustment factor would be between 0% and 100%, with the final performance adjustment factor being determined by the Committee in reference to the approved performance goals and their respective weightings. The Committee approved a bonus multiplier to enable the performance adjustment factor to exceed 100%. Assuming EBIT performance exceeded $789 million, the performance adjustment factor would be increased by 50%, and if it exceeded $811 million, it would be increased by 100%, thereby providing a maximum potential performance adjustment factor of 200%. For amounts falling in between EBIT performance of $751 million and each of the bonus adjustment thresholds, the performance adjustment factor would be determined using straight-line interpolation. In fiscal 2025, our EBIT performance was $795 million. Given the Company’s fiscal year EBIT performance for fiscal 2025, a 163.2% multiplier was applied to the fiscal 2025 annual incentive bonus performance adjustment factor.

#### Determine Payout
In considering the Company’s achievement of the four goal categories as set forth above, the Committee set the fiscal 2025 annual incentive bonus performance adjustment factor at 159.9%, which was determined by multiplying the overall goal achievement percentage of 98% by the bonus multiplier of 163.2% .

The following table shows each named executive officer’s base salary, incentive target percentage of base salary, and target and maximum bonus amounts. The table also shows each officer’s actual fiscal 2025 bonus.

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