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,...

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, when he transitioned from leading CSX, a major freight railroad, to taking charge of United Airlines, right during a challenging phase for the airline. He successfully navigated the transition after a medical leave in 2016, showcasing resilience. Munoz's compensation reflects his contributions, earning over $15.3 million in 2020, driven by a mix of salary, bonuses, and stock vesting, with his salary being $1.25 million. Notably, he opted for a raw approach towards leadership, emphasizing customer service and shareholder value. Munoz's education at UC Berkeley gave him a solid foundation in business administration, which he applied in his roles throughout his career. His work highlights a blend of strategic thinking and adaptability in fast-paced industries.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other United Airlines Holdings CEOs

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

Sector of Economy

Industrials

Born

September 30, 1958 - 66 years ago

CEO of United Airlines Holdings for

4 years 8 months (Sep 2015 - May 2020)

Previous Experience

President of United Airlines, Inc.

Rivals

Competitors/colleagues of Oscar Munoz

D

Ed Bastian

CEO of Delta Air Lines

2023 Compensation

Stock

$19.03M

Salary

$950.00K

Bonus

$9.60M

Other

$371.18K

Total Holdings

$31.31M

S

Robert E. Jordan

CEO of Southwest Airlines

2023 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$0.00

Other

$405.79K

Total Holdings

$18.09M

S

Gary C. Kelly

CEO of Southwest Airlines

2023 Compensation

Stock

$0.00

Salary

$475.00K

Bonus

$0.00

Other

$446.28K

Total Holdings

$32.85M

J

Robin Hayes

CEO of JetBlue Airways

2023 Compensation

Stock

$655.73K

Salary

$725.00K

Bonus

$3.06M

Other

$16.50K

Total Holdings

$5.37M

S

Russell A. "Chip" Childs

CEO of SkyWest

2023 Compensation

Stock

$444.95K

Salary

$546.88K

Bonus

$0.00

Other

$467.21K

Total Holdings

$48.27M

Holdings

See how much did Oscar Munoz make over time.

Oscar Munoz has made significant investments in United Airlines Holdings, the company he led. At his peak, his wealth was largely tied to stock options and performance units, totaling around $20 million in vested stock value in 2020. In this...

Oscar Munoz has made significant investments in United Airlines Holdings, the company he led. At his peak, his wealth was largely tied to stock options and performance units, totaling around $20 million in vested stock value in 2020. In this year, despite a notable downturn in the airline sector due to the pandemic, he managed to secure 236,176 shares from the long-term incentive plan, valued at over $20 million. This showcases his confidence in the company’s recovery and steady performance amidst turbulence. Interestingly, in 2016, his total compensation, including a massive stock vesting, highlighted a moment where he really profited from the company he was revitalizing. Munoz has seen fluctuations across his various roles, reflecting a keen sense of timing in his executive holdings.

Mar 17, 2025

A

shares

ACHR @ $8.31

C

shares

CBRE @ $128.70

U

shares

UAL @ $73.92

Total Stock Sold

$6.77M

CSX

$2.18M

675,000 CSX shares

UAL

$4.60M

115,227 UAL shares

What if they kept their stock?

If Oscar Munoz didn't sell their stock, today they would have:
Extra CSX675,000 shares worth $14.40M and UAL115,227 shares worth $3.63M.
This is 166.17% and $11.26M more than what they got when they sold the stock.

Charitable Transactions

CSX

120,000 shares

CSX

Recent Charitable Transactions

CSX

25,000 shares

CSX

Jan 22, 2013

Charity

CSX

15,000 shares

CSX

Dec 16, 2010

Charity

Insider Trading

See recent insider trades of Oscar Munoz.

CBRE

$242.11K

CBRE at $115.29/share

Aug 29, 2024

Purchase

CBRE

2,455 shares

CBRE

May 22, 2024

Received

CBRE

2,919 shares

CBRE

May 17, 2023

Received

CBRE

2,784 shares

CBRE

May 18, 2022

Received

CBRE

2,355 shares

CBRE

May 19, 2021

Received

UAL

$4.64M

UAL at $40.24/share

Nov 20, 2020

Sale

CBRE

857 shares

CBRE

Nov 19, 2020

Received

UAL

68,574 shares

UAL

Sep 22, 2016

Received

UAL

$1.00M

UAL at $50.53/share

Apr 22, 2016

Purchase

UAL

134,361 shares

UAL

Feb 17, 2016

Received

Compensation History

See how much did Oscar Munoz make over time.

Oscar Munoz's compensation has seen significant variation, reflecting his leadership role during pivotal times. In 2020, he earned a total of $15.3 million, with a base salary of $1.25 million and a performance-based bonus of $1.3 million. The majority of his wealth came from vested stock, particularly during high-performance years. His highest recorded compensation was in 2016, where he earned $9.2 million, which included hefty incentives related to the company's operational strategies and targets. The incentive structure aligns closely with the company's financial performance, encouraging executives to prioritize long-term shareholder value. Munoz's overall compensation indicates a well-structured approach to executive pay, aiming to attract and retain top talent while also driving business success.

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.

Other United Airlines Holdings CEOs

Here are other CEOs of United Airlines Holdings

J. Scott Kirby

CEO of United Airlines Holdings

May 2020 - Present