Chipotle Mexican Grill CEO Brian Niccol's 2021 pay falls 53% to $18M
Chipotle Mexican Grill reports 2021 executive compensation
By ExecPay News
Published: April 1, 2022
Chipotle Mexican Grill reported fiscal year 2021 executive compensation information on April 1, 2022.
In 2021, five executives at Chipotle Mexican Grill received on average a compensation package of $7.9M, a 59% decrease compared to previous year.
Average pay of disclosed executives at Chipotle Mexican Grill
Brian Niccol, Chief Executive Officer, received $18M in total, which decreased by 53% compared to 2020. 40% of Niccol's compensation, or $7.2M, was in stock awards. Niccol also received $4.3M in non-equity incentive plan, $4.8M in option awards, $1.3M in salary, as well as $287K in other compensation.
For fiscal year 2021, the median employee pay was $15,811 at Chipotle Mexican Grill. Therefore, the ratio of Brian Niccol's pay to the median employee pay was 1,131 to one.
JACK HARTUNG, Chief Financial Officer, received a compensation package of $6.2M, which decreased by 68% compared to previous year. 34% of the compensation package, or $2.1M, was in stock awards.
Curt Garner, Chief Technology Officer, earned $5.7M in 2021, a 67% decrease compared to previous year.
Chris Brandt, Chief Marketing Officer, received $4.9M in 2021, which decreases by 55% compared to 2020.
Scott Boatwright, Chief Restaurant Officer, earned $4.8M in 2021, a 59% decrease compared to previous year.
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Source: SEC filing on April 1, 2022.