Company: KMX
Filing Date: 2025-05-08
Form Type: DEF 14A
Source: 0001170010-25-000073
Chunk: 56

Company: CARMAX INC
Filing Date: 2025-05-08
Form: DEF 14A
Chunk 56
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 60
Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Company-Selected Measure

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted EBIT during the five most recently completed fiscal years.

TABULAR LIST OF MOST IMPORTANT FINANCIAL PERFORMANCE MEASURES

CarMax used only the two financial performance measures set forth below to link Compensation Actually Paid to our NEOs for fiscal 2025 to company performance.

| Most Important Measures for Determining PEO and Non-PEO NEO Pay |
| Adjusted EBIT                                                   |
| Pre-tax Income                                                  |

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| DIRECTOR COMPENSATION |

Our non-employee directors are compensated for their services as described below. Mr. Nash does not receive any compensation for serving as a director.

#### Director Compensation Program
The following table describes the components of our non-employee director compensation program for fiscal 2025. The Compensation and Personnel Committee (the “Committee”) reviews this program annually and recommends changes to the Board as appropriate.

| Compensation Element          |     |                             Director Compensation Program(a) |
| Annual Cash Retainer          |     |                                                      $95,000 |
| Annual Equity Retainer        |     |                                                  $185,000(b) |
| Board Chair Fee               |     |                                                     $200,000 |
| Lead Independent Director Fee |     |                                                      $50,000 |
| Committee Chair Fee           |     |                              $35,000 for the Audit Committee 
         $25,000 for the Compensation and Personnel Committee 
          $20,000 for the Nominating and Governance Committee 
          $20,000 for the Technology and Innovation Committee |
| Audit Committee Fee           |     |                                                       $5,000 |
| Board Meeting Fee             |     |                                                      None(c) |
| Committee Meeting Fee         |     | $1,500 per in-person meeting and $750 per telephonic meeting |

(a) In addition to the compensation elements disclosed above, we reimburse our directors for travel and other necessary business expenses incurred in the performance of their services to us. Each non-employee director whose term in office began before June 2014 is eligible for coverage under our health, dental and vision plans at the same rates at which coverage is offered to our associates. Non-employee directors may not use our plane for personal travel.

(b) The annual equity retainer consists of restricted stock units vest