Sundar PichaiSundar Pichai earned $164M in 2023

Brian Niccol has been the CEO of Chipotle Mexican Grill since March 5, 2018. He holds a Bachelor of Business Administration from the University of Arizona and brings a strong background in the food industry to his role. Under his...

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Brian Niccol

Ex-CEO of Chipotle Mexican Grill

Education

Bachelor of Business Administration from the University of Arizona

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

October 1, 1974 - 50 years ago

CEO of Chipotle Mexican Grill for

6 years 8 months (Mar 2018 - Nov 2024)

Previous Experience

Chief Executive Officer of Taco Bell, a division of Yum! Brands, Inc.

Holdings

See how much did Brian Niccol make over time.

As of 2023, Brian Niccol holds a significant portion of his wealth in Chipotle stock. His equity awards include 30,141 shares of Restricted Stock Units (RSUs), which were granted when he became CEO. These stocks vest over three years and...

Total Stock Sold

$6.61M

CMG

$4.57M

7,918,700 CMG shares

YUM

$2.04M

27,972 YUM shares

What if they kept their stock?

If Brian Niccol didn't sell their stock, today they would have:
Extra CMG7,918,700 shares worth $160.09M and YUM27,972 shares worth $2.47M.
This is 2,360.8% and $155.95M more than what they got when they sold the stock.

Charitable Transactions

CMG

140,350 shares

CMG

Recent Charitable Transactions

CMG

900 shares

CMG

Dec 11, 2023

Charity

CMG

697 shares

CMG

Dec 23, 2022

Charity

CMG

420 shares

CMG

Nov 26, 2021

Charity

CMG

790 shares

CMG

Jun 1, 2020

Charity

Insider Trading

See recent insider trades of Brian Niccol.

CMG

$20.41M

CMG at $3.19K/share

Apr 26, 2024

Sale

CMG

13,531 shares

CMG

Feb 15, 2024

Received

CMG

$585.71K

CMG at $2.64K/share

Feb 9, 2024

Received

CMG

$4.79M

CMG at $2.40K/share

Jan 29, 2024

Sale

CMG

$2.51M

CMG at $2.28K/share

Jan 2, 2024

Sale

CMG

900 shares

CMG

Dec 11, 2023

Charity

CMG

$4.53M

CMG at $2.30K/share

Dec 11, 2023

Sale

CMG

$2.40M

CMG at $2.20K/share

Dec 1, 2023

Sale

CMG

$4.26M

CMG at $2.20K/share

Nov 21, 2023

Sale

CMG

$2.07M

CMG at $1.95K/share

Nov 1, 2023

Sale

Compensation History

See how much did Brian Niccol make over time.

In 2023, Brian Niccol's compensation totaled around $22.5 million, a mix of salary, bonuses, and stock awards. His base salary was about $1.29 million, supplemented by a substantial bonus of $5.2 million linked to performance metrics of the company. Additionally, he vested $27.6 million worth of stock, which showcases how Chipotle’s performance goals directly influence his earnings, aligning his interests with that of shareholders. The structure of his pay reflects Chipotle's commitment to performance-based incentives, with many aspects designed to reward successful execution of business goals. For 2022, Niccol earned significantly less, totaling around $3.8 million, which emphasizes the variable nature of executive compensation tied to company performance. His pay packages are thus not only about cash but are heavily tied to the company’s success and stock performance.

Year

2023

Total Compensation

$34.53M

Salary

$1.29M

Board Justification

Chipotle's compensation philosophy emphasizes performance-driven pay, aligning executive compensation with company performance and shareholder interests.

Bonus

$5.20M

Board Justification

Cash payouts earned under the annual incentive plan (AIP) for the relevant year, based on performance against established goals.

Other

$479.96K

Board Justification

Includes contributions to retirement plans, personal aircraft use, tax payments, and other benefits.

Restricted Stock

$27.56M(16.54K RSU)

Board Justification

Shares acquired upon vesting of performance share units (PSUs) and restricted stock units (RSUs) during the fiscal year 2023.

Performance Metrics

Performance metrics for the annual incentive plan (AIP) include financial and operational goals, with payouts linked to achieving these targets.