Company: KMX
Filing Date: 2025-05-08
Form Type: DEF 14A
Source: 0001170010-25-000073
Chunk: 57

Company: CARMAX INC
Filing Date: 2025-05-08
Form: DEF 14A
Chunk 57
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ing on the one-year anniversary of the grant date. Restricted stock units granted to non-employee directors in fiscal 2025 will vest on July 1, 2025, while also permitting the deferral of the receipt of the vested shares until a later date.

(c) We do not pay directors a fee for attending a board meeting unless there are more than eight board meetings during a fiscal year. If there were more than eight meetings, then we would pay $1,500 per in-person meeting and $750 per telephonic meeting.

Each year, the Committee, with the assistance of Semler Brossy, its independent compensation consultant, conducts an analysis of non-employee director compensation at CarMax in relation to the compensation paid for director services at our peer group companies and in the marketplace more broadly. As a result of this analysis, the Committee recommended, and the Board approved, that the compensation paid for director services remain unchanged for fiscal 2025 compared with fiscal 2024.

Our corporate governance guidelines include director stock ownership guidelines. These guidelines require non-employee directors to own CarMax common stock or other forms of equity with a value equivalent to five times the annual cash retainer within five years of joining the Board. Each of our non-employee directors met this guideline as of February 28, 2025.

#### 62

#### Non-Employee Director Compensation in Fiscal 2025
The following table provides each element of non-employee director compensation for fiscal 2025.

| Name                 |     | Fees Earnedor Paid inCash(a) 
 ($)                          |         |     | StockAwards(b)(c) 
 ($)               |         |     | All OtherCompensation(d) 
 ($)                      |        |     | Total 
 ($)   |         |
| Peter J. Bensen      |     |                              | 143,250 |     |                   | 185,004 |     |                          |  5,000 |     |       | 333,254 |
| Ronald E. Blaylock   |     |                              | 126,000 |     |                   | 185,004 |     |                          |  5,179 |     |       | 316,183 |
| Sona Chawla          |     |                              | 124,000 |     |                   | 185,004 |     |                          |  5,000 |     |       | 314,004 |
| Thomas J. Folliard   |     |                              | 295