CF Industries Holdings (CF) executive compensation, 2026 proxy

W. Anthony Will, President and Chief Executive Officer, was paid $13.7M in 2025, up 12% from $12.3M the year before. The CEO-to-median-employee pay ratio was 88:1, on median employee pay of $155,394.

Filed
March 17, 2026
Annual meeting
April 28, 2026
Pay year
2025
Named executives
5
CEO total pay
$13.7M+12% vs prior year
CEO to median employee
88:1median $155,394
CEO pay in equity
56%$7.7M in awards
Prior say-on-pay support
94%of votes cast
CEO Target Bonus
150%Percentage of base salary
CEO Total Target Compensation
$11.5MTarget package for 2025
Say-on-Pay Support
94%2025 annual meeting support

How Will was paid

$13.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary10%Stock awards56%Non-equity incentive31%Pension and deferred comp0%All other compensation2%

Named executive officers

ExecutiveTotal
W. Anthony WillPresident and Chief Executive Officer$13,711,938
Gregory D. CameronExecutive Vice President and Chief Financial Officer$4,281,737
Christopher D. BohnExecutive Vice President and Chief Operating Officer$5,869,713
Bert A. FrostExecutive Vice President, Sales, Market Development and Supply Chain$4,277,122
Susan L. MenzelExecutive Vice President and Chief Administrative Officer$5,923,817

What changed and why

  • $13.7MW. Anthony Will received total compensation of $13,711,938 in 2025, compared to $12,296,083 in 2024.
  • 5%CEO target compensation increased 5 percent to $11,500,000 for 2025.
  • 94%Shareholders approved the 2025 say-on-pay advisory vote with approximately 94% support.
  • $1.5BNet earnings attributable to common stockholders were approximately $1.5 billion for fiscal 2025.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.