V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough

Chipotle Mexican Grill Executive Compensation (FY25)

CMG · Newport Beach, CA · Executive and director compensation, fiscal 2022 to 2025

The paid brief on Chipotle Mexican Grill

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 15, 2026Latest filing (8-K): June 17, 2026
16 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Chipotle Mexican Grill brief$1,500Get the executive brief
355 figures on this page: 344 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Scott Boatwright
Median of the other named officers
$6,253,063
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 11, 2026
Chief executive pay ratio
◇
To the median employee

More on Chipotle Mexican Grill

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Scott Boatwright: $19,137,518 → $15,455,736 (19.2% lower)
Say-on-pay support: 55.3% → 95.1% (39.8 points higher)
CEO pay ratio: 1,148:1 → 886:1 (22.8% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Chipotle Mexican Grill's chief executive and what were they paid?
Scott Boatwright, Chief Executive Officer, received $15,455,736 in total compensation for fiscal 2025. Boatwright's total was 19.2% lower than the $19,137,518 reported for fiscal 2024.
What was Chipotle Mexican Grill's say-on-pay result?
The say-on-pay proposal drew 95.1% of votes cast including abstentions in favor at the meeting held June 11, 2026 for fiscal 2025.
Which companies are in Chipotle Mexican Grill's peer group?
Companies named in the disclosed peer group include Airbnb, Inc., Booking Holdings Inc., Darden Restaurants, Inc., DoorDash, Inc. and eBay Inc., among others.
What is Chipotle Mexican Grill's chief executive pay ratio?
The company reported a chief executive pay ratio of 886:1 for fiscal 2025, against median employee compensation of $17,446.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brian Niccol
Former Chairman and Chief Executive Officer
Departed during or after this year
◇—◇◇◇—◇◇
Jack Hartung
President and Chief Strategy Officer, Former Chief Financial and Administrative Officer
Departed during or after this year
◇—◇◇◇—◇◇
Scott Boatwright
Chief Executive Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brian Niccol
Former Chairman and Chief Executive Officer
Departed during or after this year
◇—◇◇◇—◇◇
Jack Hartung
President and Chief Strategy Officer, Former Chief Financial and Administrative Officer
Departed during or after this year
◇—◇◇◇—◇◇
Scott Boatwright
Chief Executive Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brian Niccol
Former Chairman and Chief Executive Officer
Departed during or after this year
◇—◇◇——◇◇
Scott Boatwright
Chief Executive Officer
◇—◇◇◇—◇◇
Jack Hartung
President and Chief Strategy Officer, Former Chief Financial and Administrative Officer
Departed during or after this year
◇—◇◇◇—◇◇
Curt Garner
Chief Customer and Technology Officer
◇—◇◇◇—◇◇
Chris Brandt
Chief Brand Officer
◇—◇◇◇—◇◇
Roger Theodoredis
General Counsel Chief Legal Officer
◇—◇◇◇—◇◇
Adam Rymer
Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Boatwright
Chief Executive Officer
◇—◇◇◇—◇◇
Curt Garner
President, Chief Strategy and Technology Officer
◇—◇◇◇—◇◇
Jack Hartung
Former President and Chief Strategy Officer; Former Chief Financial and Administrative Officer
Departed during or after this year
◇—◇◇◇—◇◇
Chris Brandt
Former President, Chief Brand Officer
Departed during or after this year
◇—◇◇◇—◇◇
Roger Theodoredis
Former General Counsel, Chief Legal Officer
Departed during or after this year
◇—◇◇◇—◇◇
Adam Rymer
Chief Financial Officer
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Adam RymerPSU——◇—◇—◇
Adam RymerOPTION———◇—◇◇
Chris BrandtOPTION———◇—◇◇
Chris BrandtPSU——◇—◇—◇
Chris BrandtRSU———◇——◇
Curt GarnerPSU——◇—◇—◇
Curt GarnerOPTION———◇—◇◇
Jack HartungPSU——◇—◇—◇
Jack HartungOPTION———◇—◇◇
Jack HartungRSU———◇——◇
Roger TheodoredisPSU——◇—◇—◇
Roger TheodoredisOPTION———◇—◇◇
Roger TheodoredisRSU———◇——◇
Scott BoatwrightOPTION———◇—◇◇
Scott BoatwrightPSU——◇—◇—◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jack HartungOption◇—◇2/7/2032
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/9/2030
RSU◇◇——
Curt GarnerOption◇—◇2/9/2030
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇2/7/2032
Adam RymerOption◇—◇2/9/2030
RSU◇◇——
RSU◇◇——
Option◇—◇2/7/2032
RSU◇◇——
RSU◇◇——
Chris BrandtRSU◇◇——
PSU◇◇——
Option◇—◇2/9/2030
RSU◇◇——
PSU◇◇——
Option◇—◇2/7/2032
PSU◇◇——
RSU◇◇——
Scott BoatwrightPSU◇◇——
RSU◇◇——
Option◇—◇2/7/2032
Option◇—◇2/9/2030
RSU◇◇——
RSU◇◇——
PSU◇◇——
Roger TheodoredisPSU◇◇——
PSU◇◇——
Option◇—◇2/9/2030
Option◇—◇2/7/2032
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Adam Rymer
Chief Financial Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇
Chris Brandt
Former President, Chief Brand Officer · Change-in-control agreement
Change-in-control multiple◇
Benefits continuation on change in control◇
Clawback◇
Curt Garner
President, Chief Strategy and Technology Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇
Jack Hartung
Former President and Chief Strategy Officer; Former Chief Financial and Administrative Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇
Roger Theodoredis
Former General Counsel, Chief Legal Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇
Scott Boatwright
Chief Executive Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Maw
Board chair
◇◇————◇
Patricia Fili-Krushel
◇◇————◇
Robin Hickenlooper
◇◇————◇
Mary Winston
◇◇————◇
Laura Fuentes
◇◇————◇
Matthew Carey
◇◇————◇
Mauricio Gutierrez
◇◇———◇◇
Albert Baldocchi
◇◇————◇
Josh Weinstein
◇◇————◇
Gregg Engles
◇—————◇
Scott Boatwright served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as Unrestricted Stock.
Stock ownership guideline: 5x annual cash retainer ($550,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Airbnb, Inc. ABNB
  • Booking Holdings Inc. BKNG
  • Darden Restaurants, Inc. DRI
  • DoorDash, Inc. DASH
  • eBay Inc. EBAY
  • Expedia Group, Inc. EXPE
  • Hilton Worldwide Holdings Inc. HLT
  • lululemon athletica inc. LULU
  • Marriott International, Inc. MAR
  • Restaurant Brands International Inc. QSR
  • Starbucks Corporation SBUX
  • Uber Technologies, Inc. UBER
  • Ulta Beauty, Inc. ULTA
  • Yum! Brands, Inc. YUM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 11, 2026=◇◇◇
2024June 11, 2025=◇◇◇
2023June 6, 2024=◇◇◇
2022May 25, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020May 18, 2021=◇◇◇
2019May 19, 2020=◇◇◇
2018May 21, 2019=◇◇◇
2017May 22, 2018=◇◇◇
2016May 25, 2017=◇◇◇
2015May 11, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Chipotle Mexican Grill files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Chipotle Mexican Grill disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Chipotle Mexican Grill sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether Chipotle Mexican Grill's disclosed peer group is defensible, who names Chipotle Mexican Grill back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
355 figures on this page: 344 cited to the filing that reported them, 11 calculated from figures it prints.
344 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001058090-26-000056
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-017294
    2025 Director Compensation · 2025 SUMMARY COMPENSATION TABLE · CEO Pay Ratio · Director Compensation · and 2 more sections
  3. 0001058090-25-000041
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-015614
    2024 SUMMARY COMPENSATION TABLE
  5. 0001058090-24-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001140361-24-021181
    2023 SUMMARY COMPENSATION TABLE
  7. 0001193125-23-155446
  8. 0001193125-23-095757
    2022 SUMMARY COMPENSATION TABLE
  9. 0001193125-22-155668
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-21-169329
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-20-148795
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001058090-19-000029
    Employment Agreement
  13. 0001564590-19-020464
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-18-173614
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001058090-17-000023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0001058090-16-000072
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Chipotle Mexican Grill executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CMG (accessed 2026).
Short form: data: Velarion

The paid brief for Chipotle Mexican Grill

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Chipotle Mexican Grill and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Peers Chipotle Mexican Grill discloses

The companies named in CMG's own disclosed peer group.

Airbnb, Inc.Booking Holdings Inc.Darden Restaurants, Inc.DoorDash, Inc.eBay Inc.Expedia Group, Inc.Hilton Worldwide Holdings Inc.lululemon athletica inc.Marriott International, Inc.Restaurant Brands International Inc.Starbucks CorporationUber Technologies, Inc.Ulta Beauty, Inc.Yum! Brands, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy