CSX CEO James Foote's 2019 pay rises 13% to $16M
CSX reports 2019 executive compensation
By ExecPay News
Published: March 25, 2020
CSX reported fiscal year 2019 executive compensation information on March 25, 2020.
In 2019, seven CSX executives received on average a compensation package of $5.7M, a 14% decrease compared to previous year.
Average pay of disclosed executives at CSX
James M. Foote, Chief Executive Officer, received $16M in total, which increased by 13% compared to 2018. 39% of Foote's compensation, or $6.1M, was in stock awards. Foote also received $534K of change in pension value and nonqualified deferred compensation earnings, $3.4M in non-equity incentive plan, $4M in option awards, $1.3M in salary, as well as $228K in other compensation.
For fiscal year 2019, the median employee pay was $107,632 at CSX. Therefore, the ratio of James M. Foote's pay to the median employee pay was 144 to one.
Frank A. Lonegro, Chief Financial Officer, received a compensation package of $5.4M, which increased by 45% compared to previous year. 55% of the compensation package, or $3M, was of change in pension value and nonqualified deferred compensation earnings.
Nathan D. Goldman, Chief Legal Officer, earned $4.6M in 2019, a 29% increase compared to previous year.
Jamie J. Boychuk, Executive Vice President Operations, CSXT, received $3.8M in 2019.
Edmond L. Harris, Executive Vice President – CSX, earned $3.7M in 2019, a 43% decrease compared to previous year.
Mark K. Wallace, Executive Vice President & Chief Sales and Marketing Officer, received $3.6M in 2019, which decreases by 39% compared to 2018.
Kevin S. Boone, Chief Financial Officer, earned $3.5M in 2019.
Related executives
James Foote
CSX
Chief Executive Officer
Kevin Boone
CSX
Chief Financial Officer
Frank Lonegro
CSX
Chief Financial Officer
Nathan Goldman
CSX
Chief Legal Officer
Jamie Boychuk
CSX
Executive Vice President – Operations, CSXT
Edmond Harris
CSX
Executive Vice President – CSX
Mark Wallace
CSX
Executive Vice President & Chief Sales and Marketing Officer
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Source: SEC filing on March 25, 2020.