Sundar PichaiSundar Pichai earned $164M in 2023
U

Oscar Munoz

Ex-CEO of United Airlines Holdings

Education

Bachelor's degree in Business Administration from the University of California, Berkeley

Field of Expertise

Business & Management

Born

September 30, 1958 - 66 years ago

Economy Sector

Industrials

Tenure

4 years 8 months (Sep 2015 - May 2020)

Previous Experience

President of United Airlines, Inc.

Oscar Munoz is a well-known figure in the airline and transportation industries, having served as the CEO of United Airlines from 2015 to 2020, and before that, as President and COO of CSX Corporation. His biggest move came in 2015,...

Year

2020

Total Compensation

$23.22M

Salary

$1.25M

Board Justification

CSX's executive compensation program is designed to align executive pay with the Company's financial performance and the creation of sustainable long-term shareholder value. The program is structured to provide a competitive level of compensation necessary to attract and retain talented and experienced executives and to motivate them to achieve short and long-term strategic goals.

Bonus

$1.30M

Board Justification

The bonus for 2020 was discretionary, with a total payout percentage of 75% of the Target Incentive Opportunity, of which 65% was discretionary and 10% was based on performance against measures under the 2020 MICP.

Other

$221.57K

Board Justification

Includes personal usage of Company aircraft, financial planning services, and Company match under the 401(k) and non-qualified deferred compensation plans.

Restricted Stock

$20.45M(236.18K Common Stock)

Board Justification

Shares acquired through stock awards include performance units paid out pursuant to the 2018-2020 LTIP and RSUs that vested in 2020.

Performance Metrics

The performance metrics for the CEO's compensation in 2020 included Operating Income, Operating Ratio, and Safety, as part of the short-term incentive plan, and Operating Income and Free Cash Flow for the long-term incentive plan.