Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-08-24

U-Haul Holding (UHAL)

Fiscal year 2026 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.

$1,015,838
Edward Shoen total, FY2026
CEO pay percentile vs peers
35:1
CEO-to-median pay ratio
99.67%
Say-on-pay support, latest vote
Companies that benchmark against UHAL
2 companies name UHAL as a compensation peer

Each company listed discloses UHAL 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 UHAL 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 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Edward Shoen$675,004$200,000$10,834$130,000$1,015,838
Chairman and President of U-Haul Holding Company
Jason Berg430,779300,00012,8630743,642
Chief Financial Officer of U-Haul Holding Company
Samuel Shoen283,461300,00012,378130,000725,839
Vice Chairman of U-Haul Holding Company and U-Box Project Manager
John Taylor285,581300,00015,19715,000615,778
President of U-Haul
Douglas Bell230,642147,07712,5710390,290
President of Repwest Insurance Company

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 officerFY2026 totalFY2025 totalFY2024 totalΔ FY20252026
Edward Shoen$1,015,838$1,025,045$1,015,068−9,207
Jason Berg743,642737,390727,169+6,252
Samuel Shoen725,839726,516726,920−677
John Taylor615,778624,910614,449−9,132
Douglas Bell390,290396,135−5,845

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 Company's executive compensation program is designed to retain current executive officers, encourage self-development and magnification of functional responsibilities, and attract qualified individuals. The program aims to foster an environment of teamwork, loyalty, and fairness, with compensation levels generally commensurate with historic pay for the position, adjusted for tenure and performance, rather than tied to specific performance metrics or peer benchmarks.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-08-2015,802,13352,5804,97099.67%Passed
20232023-08-1715,747,622260,913098.37%Passed
20202020-08-2016,117,530366,199097.78%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
20262026-08-2099.67%a
20232023-08-1798.37%b
20202020-08-2097.78%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)35 : 1
CEO total compensation
Median employee compensation$29,063
08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John P. BroganIndependent · Audit & Cyber · Executive Finance · Compensation · Independent Governance$222,500$0$0$222,500
James J. GroganIndependent · Audit & Cyber · Executive Finance · Independent Governance172,50000172,500
James E. AcridgeIndependent · Audit & Cyber · Executive Finance · Compensation170,00000170,000
Karl A. SchmidtIndependent · Audit & Cyber145,00000145,000
Roberta R. ShankIndependent · Audit & Cyber · Compensation · Independent Governance142,50000142,500
Richard J. HerreraIndependent105,00000105,000
Douglas A. DuceyIndependent · Independent Governance90,0000090,000
Thomas W. HayesIndependent67,5000067,500
Laurence J. De RespinoIndependent22,50022,50045,000
Edward J. ShoenEmployee director · Board Chair · Executive Finance0
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$1,137,500
Equity awards (grant-date value)$22,500
All other compensation$0
Total cost of the board$1,160,000

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
1U-Haul Holding2026Edward Shoen$675,004$10,834$1,015,838

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, Edward ShoenDEF 14A2026-07-010001193125-26-292785Section “Summary Compensation Table” · page 10. As printed: 1,015,838. Filing ↗
2Section 01, Jason BergDEF 14A2026-07-010001193125-26-292785Section “Summary Compensation Table” · page 10. As printed: 743,642. Filing ↗
3Section 01, Samuel ShoenDEF 14A2026-07-010001193125-26-292785Section “Summary Compensation Table” · page 10. As printed: 725,839. Filing ↗
4Section 01, John TaylorDEF 14A2026-07-010001193125-26-292785Section “Summary Compensation Table” · page 10. As printed: 615,778. Filing ↗
5Section 01, Douglas BellDEF 14A2026-07-010001193125-26-292785Section “Summary Compensation Table” · page 10. As printed: 390,290. Filing ↗
6Section 07, pay ratioDEF 14A2026-07-010001193125-26-292785Section “CEO Pay Ratio”. As printed: 35 : 1. Filing ↗
7Section 08, John P. BroganDEF 14A2026-07-010001193125-26-292785Section “Director Compensation”. As printed: 222,500. Filing ↗machine: span 1261564–1261571
8Section 08, James J. GroganDEF 14A2026-07-010001193125-26-292785Section “Director Compensation”. As printed: 172,500. Filing ↗machine: span 1274551–1274558
9Section 08, James E. AcridgeDEF 14A2026-07-010001193125-26-292785Section “Director Compensation”. As printed: 170,000. Filing ↗machine: span 1253047–1253054
10Section 08, Karl A. SchmidtDEF 14A2026-07-010001193125-26-292785Section “Director Compensation”. As printed: 145,000. Filing ↗machine: span 1300520–1300527
11Section 08, Roberta R. ShankDEF 14A2026-07-010001193125-26-292785Section “Director Compensation”. As printed: 142,500. Filing ↗machine: span 1313524–1313531
12Section 08, Richard J. HerreraDEF 14A2026-07-010001193125-26-292785Section “Director Compensation”. As printed: 105,000. Filing ↗machine: span 1287538–1287545
13Section 08, Douglas A. DuceyDEF 14A2026-07-010001193125-26-292785Section “Director Compensation”. As printed: 90,000. Filing ↗
14Section 08, Thomas W. HayesDEF 14A2026-07-010001193125-26-292785Section “Director Compensation”. As printed: 67,500. Filing ↗machine: span 1326503–1326509
15Section 08, Laurence J. De RespinoDEF 14A2026-07-010001193125-26-292785Section “Director Compensation”. As printed: 45,000. Filing ↗
16Section 08, Edward J. ShoenDEF 14A2026-07-010001193125-26-292785Section “Director Compensation”. As printed: 0. Filing ↗
17Section 06, 2026 voteForm 8-K2026-08-240001193125-26-363558Item 5.07 · say-on-pay result. As reported: 99.67% (votes for as printed: 15,802,133). Filing ↗
18Section 06, 2023 voteForm 8-K2023-08-180000004457-23-000068Item 5.07 · say-on-pay result. As reported: 98.37% (votes for as printed: 15,747,622). Filing ↗
19Section 06, 2020 voteForm 8-K2020-08-210000004457-20-000077Item 5.07 · say-on-pay result. As reported: 97.78% (votes for as printed: 16,117,530). Filing ↗
20Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
21Section 09b board cost (computed)ComputedcomputedCash 1,137,500 + equity 22,500 + all other 0 = 1,160,000, summed across the director compensation table rows.machine: formula: Σ = 1,160,000
22U-Haul Holding (subject), Section 10b CEO totalDEF 14A2026-07-010001193125-26-292785CEO total compensation as printed in U-Haul Holding's own proxy. As printed: 1,015,838. Filing ↗