CEO Salary & Executive Compensation
Chipotle Mexican Grill CMG
CEO: Scott Boatwright · Restaurants · 120,000 employees
Scott Boatwright, CEO of Chipotle Mexican Grill (CMG), earned $8.0M in total compensation in 2025. Chipotle Mexican Grill receives a Pay-for-Performance grade of B (67/100), with a CEO-to-worker pay ratio of 286:1 and a say-on-pay shareholder approval of 88.5%. The company's 3-year total shareholder return is +20.2%.
How Chipotle Mexican Grill CEO Pay Compares
Scott Boatwright's $8.0M total compensation is 0% below the Restaurants industry median of $8.0M. The 286:1 CEO-to-worker pay ratio is 17% lower than the industry average of 343:1.
Total compensation for Scott Boatwright at Chipotle Mexican Grill (CMG) was $8.0M. Mid-cap public-company CEO packages tend to track this pattern — equity-heavy, multi-year vesting, performance-tied.
The CEO-to-median-worker pay ratio is 286x, meaning Scott Boatwright's $8.0M total comp is roughly that many times the median $28,000 earned by Chipotle Mexican Grill workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Performance has been positive over the three-year window: TSR of 20.2% alongside 9.9% revenue growth. Compensation packages tied to relative TSR or absolute return benchmarks would have vested at or near target levels with this performance profile.
Say-on-pay support was strong at 88%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. Chipotle Mexican Grill operates in Restaurants with 120,000 employees and $11.3B in annual revenue, and currently carries a market capitalization of $85.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Chipotle Mexican Grill (CMG).
Compensation Breakdown
Scott Boatwright's $8.0M total compensation package for fiscal year 2025 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
Scott Boatwright, CEO of Chipotle Mexican Grill (CMG), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Scott Boatwright, CEO of Chipotle Mexican Grill (CMG), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Chipotle Mexican Grill has a Pay-for-Performance Score of B (67/100). The company's 3-year total shareholder return is +20.2%, and the say-on-pay shareholder vote passed with 88.5% approval.
The CEO-to-median-worker pay ratio at Chipotle Mexican Grill is 286:1. The median worker at Chipotle Mexican Grill earns $28K per year, while CEO Scott Boatwright earns $8.0M in total compensation.
Chipotle Mexican Grill employs approximately 120,000 people. The company operates in the Restaurants industry within the Consumer Discretionary sector, generating $11.3B in annual revenue.