Chipotle Mexican Grill (CMG) executive compensation, 2026 proxy

Scott Boatwright, Chief Executive Officer, was paid $15.5M in 2025, down 19% from $19.1M the year before. The CEO-to-median-employee pay ratio was 886:1, on median employee pay of $17,446.

Filed
April 28, 2026
Pay year
2025
Named executives
6
CEO total pay
$15.5M-19% vs prior year
CEO to median employee
886:1median $17,446
CEO pay in equity
84%$13M in awards
Prior say-on-pay support
55%of votes cast
2025 Revenue
$11.9B5.4% increase from 2024
Diluted EPS
$1.142.7% increase from 2024
New Restaurant Openings
334Company-owned restaurants opened
Share Repurchases
$2.4BExecuted in 2025

How Boatwright was paid

$15.5M 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.

Salary7%Stock awards50%Option awards34%Non-equity incentive7%All other compensation1%

Named executive officers

ExecutiveTotal
Scott BoatwrightChief Executive Officer$15,455,736
Adam RymerChief Financial Officer$3,992,458
Curt GarnerPresident, Chief Strategy and Technology Officer$7,740,392
Chris BrandtFormer President, Chief Brand Officer$6,253,063
Roger TheodoredisFormer General Counsel, Chief Legal Officer$4,975,111
Jack HartungFormer President and Chief Strategy Officer; Former Chief Financial and Administrative Officer$7,385,310

What changed and why

  • $15.46MScott Boatwright received total compensation of $15.46 million in fiscal 2025 compared to $19.14 million in fiscal 2024.
  • $11.9BRevenue grew 5.4% to $11.9 billion while diluted EPS increased 2.7% to $1.14.
  • Chipotle opened 334 new company-owned restaurants during the year.
  • 40%The annual incentive plan company performance factor paid out at 40%.
  • 55%Say-on-pay support at the prior annual meeting dropped to 55%.

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.