Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-07

Berkshire Hathaway (BRK.B)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$22,017,500
Ajit Jain total, FY2025
Vice Chairman-Insurance Operationshighest-paid officer; CEO Warren Buffett: $389,488
CEO (Warren Buffett) pay percentile vs peers
4.16:1
CEO-to-median pay ratio
93.02%
Say-on-pay support, latest vote
Companies that benchmark against BRK.B
1 company names BRK.B as a compensation peer

Each company listed discloses BRK.B in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BRK.B in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ajit Jain$22,000,000$17,500$22,017,500
Vice Chairman-Insurance Operations
Gregory Abel22,000,00017,50022,017,500
Vice Chairman-Non Insurance Operations
Marc Hamburg4,312,50017,5004,330,000
Senior Vice President/CFO
Warren Buffett100,000289,488389,488
Chief Executive Officer/Chairman

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Ajit Jain$22,017,500$21,017,250$20,016,500+1,000,250
Gregory Abel22,017,50021,017,25020,016,500+1,000,250
Marc Hamburg4,330,0004,081,0463,853,461+248,954
Warren Buffett389,488405,111413,595−15,623

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

05

Incentive-plan design — the Compensation Discussion & Analysis

The Committee has established a policy that neither the profitability of Berkshire nor the market value of its stock are to be considered in the compensation of any executive officer. Under the Committee's compensation policy, Berkshire never intends to use Berkshire stock in compensating employees.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantGovernance, Compensation and Nominating Committee
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-02403,35130,2511,70393.02%Passed
20232023-05-06441,54442,5365,73291.21%Passed
20202020-05-02519,52838,7265,49593.06%Passed
20172017-05-06627,9871,8421,81799.71%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-0293.02%a
20232023-05-0691.21%b
20202020-05-0293.06%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)4.16 : 1
CEO total compensation$389,488
Median employee compensation$93,709
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Kenneth I. ChenaultIndependent · Governance, Compensation and Nominating$7,000,000$7,000,000
Wallace R. WeitzIndependent · Audit7,000,0007,000,000
Christopher C. DavisIndependent · Audit7,000,0007,000,000
Meryl B. WitmerIndependent · Audit7,000,0007,000,000
Stephen B. BurkeIndependent · Governance, Compensation and Nominating3,000,0003,000,000
Howard G. BuffettNot independent3,000,0003,000,000
Charlotte GuymanIndependent · Governance, Compensation and Nominating3,000,0003,000,000
Thomas S. Murphy JrIndependent · Governance, Compensation and Nominating3,000,0003,000,000
Susan L. DeckerIndependent · Lead Independent Director · Audit3,000,0003,000,000
Susan A. BuffettNot independent2,700,0002,700,000
09

Board fee structure and ownership guideline

Annual cash retainer$3,000
Annual equity retainer
Per board meeting fee$900
Committee chair fees (audit / comp / nom-gov)1,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$45,700,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$45,700,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Berkshire Hathaway2025Warren Buffett$100,000$389,488

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Ajit JainDEF 14A2026-03-130001193125-26-106253Section “SUMMARY COMPENSATION TABLE”. As printed: 22,017,500. Filing ↗machine: t16 · r11 · c21 · span 94331–94341
2Section 01, Gregory AbelDEF 14A2026-03-130001193125-26-106253Section “SUMMARY COMPENSATION TABLE”. As printed: 22,017,500. Filing ↗machine: t16 · r7 · c21 · span 87763–87773
3Section 01, Marc HamburgDEF 14A2026-03-130001193125-26-106253Section “SUMMARY COMPENSATION TABLE”. As printed: 4,330,000. Filing ↗machine: t16 · r15 · c21 · span 100871–100880
4Section 01, Warren BuffettDEF 14A2026-03-130001193125-26-106253Section “SUMMARY COMPENSATION TABLE”. As printed: 389,488. Filing ↗machine: t16 · r3 · c21 · span 81150–81157
5Section 07, pay ratioDEF 14A2026-03-130001193125-26-106253Section “CEO Pay Ratio”. As printed: 4.16 : 1. Filing ↗
6Section 08, Kenneth I. ChenaultDEF 14A2026-03-130001193125-26-106253Section “Director Compensation”. As printed: 7,000,000. Filing ↗
7Section 08, Wallace R. WeitzDEF 14A2026-03-130001193125-26-106253Section “Director Compensation”. As printed: 7,000,000. Filing ↗
8Section 08, Christopher C. DavisDEF 14A2026-03-130001193125-26-106253Section “Director Compensation”. As printed: 7,000,000. Filing ↗
9Section 08, Meryl B. WitmerDEF 14A2026-03-130001193125-26-106253Section “Director Compensation”. As printed: 7,000,000. Filing ↗
10Section 08, Stephen B. BurkeDEF 14A2026-03-130001193125-26-106253Section “Director Compensation”. As printed: 3,000,000. Filing ↗
11Section 08, Howard G. BuffettDEF 14A2026-03-130001193125-26-106253Section “Director Compensation”. As printed: 3,000,000. Filing ↗
12Section 08, Charlotte GuymanDEF 14A2026-03-130001193125-26-106253Section “Director Compensation”. As printed: 3,000,000. Filing ↗
13Section 08, Thomas S. Murphy JrDEF 14A2026-03-130001193125-26-106253Section “Director Compensation”. As printed: 3,000,000. Filing ↗
14Section 08, Susan L. DeckerDEF 14A2026-03-130001193125-26-106253Section “Director Compensation”. As printed: 3,000,000. Filing ↗
15Section 08, Susan A. BuffettDEF 14A2026-03-130001193125-26-106253Section “Director Compensation”. As printed: 2,700,000. Filing ↗
16Section 06, 2026 voteForm 8-K2026-05-070001193125-26-212148Item 5.07 · say-on-pay result. As reported: 93.02% (votes for as printed: 403,351). Filing ↗
17Section 06, 2023 voteForm 8-K2023-05-100001193125-23-140854Item 5.07 · say-on-pay result. As reported: 91.21% (votes for as printed: 441,544). Filing ↗
18Section 06, 2020 voteForm 8-K2020-05-050001193125-20-133332Item 5.07 · say-on-pay result. As reported: 93.06% (votes for as printed: 519,528). Filing ↗
19Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
20Section 09b board cost (computed)ComputedcomputedCash 45,700,000 + equity 0 + all other 0 = 45,700,000, summed across the director compensation table rows.machine: formula: Σ = 45,700,000
21Berkshire Hathaway (subject), Section 10b CEO totalDEF 14A2026-03-130001193125-26-106253CEO total compensation as printed in Berkshire Hathaway's own proxy. As printed: 389,488. Filing ↗machine: t16 · r3 · c21 · span 81150–81157