Charles Joseph Wilson has been making waves at CarMax, where he took on the role of CEO in November 2022. He has a long history with the company, starting as a buyer-in-training back in 1995. Over the years, he climbed the ranks through various positions, including serving as Chief Operating Officer before stepping up as CEO. Under his leadership, CarMax has been pushing for innovation, especially by embracing technology to improve the customer experience. His financial background shows in the compensation reports, where in 2022, he earned over $2 million – a mix of salary and bonuses based on company performance. His approach aligns executive pay with company success, which is exactly what shareholders want to see. During his tenure amid challenging market conditions like the COVID-19 pandemic, Wilson led the company to adapt quickly, focusing on online services and enhancing their omni-channel experience. CarMax has even gained recognition for being a great workplace, showing the culture he is fostering at the company. His trading actions in and out of stocks reflect a keen sense for business, making Wilson an intriguing figure as he steers CarMax into a new era.

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Charles Joseph Wilson

CEO of CarMax

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1973 - 52 years ago

CEO of CarMax for

2 years 5 months (Nov 2022 - Present)

Previous Experience

N/A

Rivals

Competitors/colleagues of Charles Joseph Wilson

Mike Jackson

CEO of AutoNation

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$112.74K

Total Holdings

$18.83M

Roger S. Penske

CEO of Penske Automotive Group

2021 Compensation

Stock

$7.50M

Salary

$1.40M

Bonus

$0.00

Other

$581.69K

Total Holdings

$5.12B

Elon Musk

Founder and CEO of Tesla, Inc.

2023 Compensation

Stock

$1.86M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$92.56B

Bryan B. DeBoer

CEO of Lithia Motors

2023 Compensation

Stock

$3.98M

Salary

$1.30M

Bonus

$2.67M

Other

$7.26K

Total Holdings

$51.43M

Michael Manley

CEO of AutoNation

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$112.74K

Total Holdings

$8.82M

Holdings

See how much did Charles Joseph Wilson make over time.

Charles Joseph Wilson is not just leading CarMax; he has been actively involved in trading its stock. Over several years, his trading actions have shown interesting fluctuations. In 2021 alone, he recorded a peak trading value of about $5.46 million, which reflects confidence in his leadership and a personal stake in the company's success. Recently, in 2023, the values were still substantial, hovering around $4 million monthly. This pattern indicates a strong belief in CarMax's growth strategy, especially given that he started with the company in a humble position over 25 years ago. His historical trading suggests he's strategically managing his own financial future alongside that of the company. Unlike typical executives who may shy away from trading activity, Wilson’s engagement shows he’s still very much in tune with the market dynamics at play, enhancing his credibility as an executive who understands both operations and investing.

Total Stock Sold

$11.58M

KMX

$11.58M

115,036 KMX shares

What if they kept their stock?

If Charles Joseph Wilson didn't sell their stock, today they would have:
Extra KMX115,036 shares worth $8.65M.
This is -25.31% and $2.93M less than what they got when they sold the stock.

Charitable Transactions

KMX

1,434 shares

KMX

Recent Charitable Transactions

KMX

787 shares

KMX

Dec 30, 2021

Charity

KMX

400 shares

KMX

Jun 29, 2021

Charity

KMX

100 shares

KMX

Feb 28, 2021

Charity

KMX

147 shares

KMX

Apr 2, 2019

Charity

Insider Trading

See recent insider trades of Charles Joseph Wilson.

KMX

$801.88K

KMX at $80.02/share

Jul 23, 2024

Sale

KMX

1,296 shares

KMX

Apr 10, 2024

Received

KMX

68 shares

KMX

Apr 25, 2023

Received

KMX

3,336 shares

KMX

Apr 26, 2022

Received

KMX

787 shares

KMX

Dec 30, 2021

Charity

KMX

$2.05M

KMX at $127.48/share

Dec 30, 2021

Sale

KMX

$2.68M

KMX at $130.06/share

Jun 29, 2021

Sale

KMX

400 shares

KMX

Jun 29, 2021

Charity

KMX

1,060 shares

KMX

Apr 27, 2021

Received

KMX

100 shares

KMX

Feb 28, 2021

Charity

Compensation History

See how much did Charles Joseph Wilson make over time.

In 2023, Charles Joseph Wilson's compensation at CarMax reveals a practical approach to executive pay, aligning it with performance. His total earnings amounted to approximately $1 million, consisting of his base salary of $643,750 and an annual bonus of $363,333 based on the company's performance against set goals. This reflects a strategic shift in CarMax's executive compensation philosophy, aiming for long-term value creation rather than just salary alone. While he didn't have any stock grants or vested stock this year, his prior earnings of over $2 million in 2022, which included a significant bonus of nearly $1 million, underscore a pattern of aligning incentives with company success, ensuring that Wilson stays focused on driving results that matter to shareholders. His background and history at CarMax support a narrative of not just leadership but an understanding of what creates value.

Year

2023

Total Compensation

$1.01M

Salary

$643.75K

Board Justification

The compensation philosophy is designed to align executive compensation with the performance of the company and shareholder interests, focusing on long-term value creation.

Bonus

$363.33K

Board Justification

The annual incentive bonus is calculated based on the performance against established goals, with a performance adjustment factor of 66.4% applied to the target incentive amount for fiscal 2024.

Other

$0.00

Board Justification

No other compensation was reported for the CEO in 2023.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the CEO was not a named executive officer in the prior year.

Performance Metrics

The performance metrics include Adjusted EBIT and pre-tax earnings per share, which are critical for determining the annual incentive bonus.

Other CarMax CEOs

Here are other CEOs of CarMax

William D. Nash

CEO of CarMax

September 2016 - Invalid Date