CSX CEO James Foote's 2020 pay slips 1% to $15M
CSX reports 2020 executive compensation
By ExecPay News
Published: March 25, 2021
CSX reported fiscal year 2020 executive compensation information on March 25, 2021.
In 2020, five CSX executives received on average a compensation package of $5.9M, a 3% increase compared to previous year.
Average pay of disclosed executives at CSX
James M. Foote, Chief Executive Officer, received $15M in total, which decreased by 1% compared to 2019. 39% of Foote's compensation, or $6M, was in option awards. Foote also received $1.3M in bonus, $339K of change in pension value and nonqualified deferred compensation earnings, $200K in non-equity incentive plan, $1.3M in salary, $6M in stock awards, as well as $222K in other compensation.
For fiscal year 2020, the median employee pay was $107,000 at CSX. Therefore, the ratio of James M. Foote's pay to the median employee pay was 143 to one.
Mark K. Wallace, Executive Vice President & Chief Sales and Marketing Officer, received a compensation package of $3.9M, which increased by 7% compared to previous year. 35% of the compensation package, or $1.4M, was in option awards.
Jamie J. Boychuk, Executive Vice President – Operations, CSXT, earned $3.7M in 2020, a 3% decrease compared to previous year.
Kevin S. Boone, Chief Financial Officer, received $3.6M in 2020, which increases by 2% compared to 2019.
Nathan D. Goldman, Chief Legal Officer, earned $3.2M in 2020, a 31% decrease compared to previous year.
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Source: SEC filing on March 25, 2021.