Company: KMX
Filing Date: 2025-05-08
Form Type: DEF 14A
Source: 0001170010-25-000073
Chunk: 31

Company: CARMAX INC
Filing Date: 2025-05-08
Form: DEF 14A
Chunk 31
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 up to the median of the CEO blended peer group/survey data described above under the heading “Benchmarking.” The Committee increased the value of the long-term equity awards for Mr. Lyski, Mr. Mayor-Mora, Mr. Mohammad, and Mr. Wilson based on each individual’s role and responsibilities and the length of each individual’s tenure in the role, individual contributions, and to bring long-term equity compensation up to the median of the executive blended peer group/survey data described above under the heading “Benchmarking.”

The reported values of the PSUs and stock options in the table above do not correspond to the actual value that may be realized by each NEO.

#### Performance Stock Unit Goal Achievements
Fiscal 2023 PSU Year 3 Performance Goal Achievement; Fiscal 2024 PSU Year 2 Performance Goal Achievement

In March 2025, the Committee certified, subject to the Audit Committee’s approval of the Company’s fiscal 2025 financial statements, a 159% performance multiplier for year three of the fiscal 2023 PSU awards and year two of the fiscal 2024 PSU awards. The Committee’s determination was based on CarMax’s achievement of pre-tax income of $687 million for the one-year performance period ended February 28, 2025, as further described in the table below.

The following table shows the performance metrics for year three of the fiscal 2023 PSU awards and year two of the fiscal 2024 PSU awards.

#### 35
|                                       |     | Threshold |     |   |     | Target |     |   |     | Maximum |     |   |     | Actual |     |   |
|:--------------------------------------|:----|:----------|----:|:--|:----|:-------|----:|:--|:----|:--------|----:|:--|:----|:-------|----:|:--|
| FY25 Pre-Tax Income(a)                |     | $         | 574 |   |     | $      | 645 |   |     | $       | 716 |   |     | $      | 687 |   |
| Pre-Tax Income Performance Multiplier |     |           |  50 | % |     |        | 100 | % |     |         | 200 | % |     |        | 159 | % |

(a) Fiscal 2025 pre-tax income is equal to earnings before income taxes. Note that the Committee determined to exclude from pre