How Much Does the Chipotle Mexican Grill CEO Make?
Scott Boatwright, CEO of Chipotle Mexican Grill, earned $8.0M in total compensation in 2025, including $4.0M in stock awards and $800,000 in base salary.
This page answers a common executive-compensation question: How Much Does the Chipotle Mexican Grill CEO Make?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
Scott Boatwright leads Chipotle Mexican Grill (CMG), a Restaurants company with approximately 120,000 employees. In the 2025 proxy statement filed with the SEC, Scott Boatwright's total compensation of $8,000,000 included $800,000 in base salary, $0 in cash bonus, $4,000,000 in stock awards, and $960,000 in option awards.
The CEO-to-median-worker pay ratio at Chipotle Mexican Grill is 286:1, meaning the CEO earns 286x the median worker's pay of $28,000. Over the past three years, Chipotle Mexican Grill produced a total shareholder return of 20.2% against 9.9% revenue growth. Our Pay-for-Performance Score rates the alignment as B (67/100).
In the most recent say-on-pay vote, 88.5% of shareholders approved the executive compensation plan. Moderate shareholder support suggests some investor concern with pay practices.
Key Data
| Component | Amount |
|---|---|
| Total Compensation | $8,000,000 |
| Base Salary | $800,000 |
| Stock Awards | $4,000,000 |
| Option Awards | $960,000 |
| Non-Equity Incentive | $1,200,000 |
| CEO-to-Worker Pay Ratio | 286:1 |
| Pay-Performance Grade | B |
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Frequently Asked Questions
Scott Boatwright, CEO of Chipotle Mexican Grill, earned $8.0M in total compensation in 2025, including $4.0M in stock awards and $800,000 in base salary.
Scott Boatwright is the chief executive officer of Chipotle Mexican Grill (CMG).
The CEO at Chipotle Mexican Grill earns approximately 286 times the median worker's pay of $28,000.
In 2025, total compensation of $8,000,000 was composed of $800,000 base salary, $0 cash bonus, $4,000,000 stock awards, $960,000 option awards, and $1,200,000 in non-equity incentive compensation.
Our Pay-for-Performance Score rates Chipotle Mexican Grill as B (67/100), based on three-year total shareholder return of 20.2%, revenue growth of 9.9%, and shareholder say-on-pay vote approval.
Scott Boatwright, CEO of Chipotle Mexican Grill, earned $8.0M in total compensation in 2025, including $4.0M in stock awards and $800,000 in base salary.
Source: SEC EDGAR DEF 14A proxy statements, 2026.