Company: KMX
Filing Date: 2025-05-08
Form Type: DEF 14A
Source: 0001170010-25-000073
Chunk: 53

Company: CARMAX INC
Filing Date: 2025-05-08
Form: DEF 14A
Chunk 53
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 or vision plans following the date of termination pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the NEO will be responsible for remitting to us the appropriate COBRA premium. We will reimburse Mr. Nash for a portion of the COBRA premium equal to the sum of: (i) the amount that we would have otherwise paid for the coverage if he had remained an active associate; and (ii) the COBRA administration fee. This partial COBRA reimbursement will be paid in equal monthly installments for up to an 18-month period. For purposes of this table, we have assumed that Mr. Nash elected to continue his coverage on February 28, 2025, for the full 18-month period. The severance agreements with the post-2014 group do not provide for this benefit.

(g) We provide a tax and financial planning benefit to our NEOs for the one-year period following early or normal retirement, termination without cause (including death, disability or a termination for good reason) and a CIC. The annual cost of this service is $16,335.

(h) Outplacement services are available to Mr. Nash in an amount not to exceed $50,000. This table assumes that the maximum outplacement benefit is paid to Mr. Nash. The severance agreements with the post-2014 group do not provide for this benefit.

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#### CEO Pay Ratio
The following information about the relationship between the compensation of our employees and the compensation of Mr. Nash, our President and Chief Executive Officer, is provided in compliance with the requirements of Item 402(u) of Regulation S-K of the Securities Exchange Act of 1934 (“Item 402(u)”). In fiscal 2025, the estimated median of the annual total compensation of our employees, excluding Mr. Nash, was $56,060. Mr. Nash’s total compensation for fiscal 2025, as reported in the Summary Compensation Table of this proxy statement, was $17,116,845. Due to the shift in fiscal 2025 from one-year performance periods established each year to a three-year performance measurement period for PSU awards, Mr. Nash’s total compensation for fiscal 2025 as reported in the Summary Compensation Table includes stock award amounts attributable to one-third of the PSUs issued in fiscal 2023, one-third of the PSUs issued in fiscal 2024, and the entirety of the PSUs issued in fiscal 2025