Companies U-Haul Holding
U-Haul (UHAL): executive pay, fiscal 2026
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U-Haul Holding's highest-paid named officer for fiscal year 2026, Chairman and President of U-Haul Holding Company Edward Shoen, was paid $1,015,838 · source
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Edward Shoen | $675,004 | $200,000 | $10,834 | — | — | — | $130,000 | $1,015,838 |
| Chairman and President of U-Haul Holding Company | ||||||||
| Jason Berg | 430,779 | 300,000 | 12,863 | — | — | — | 0 | 743,642 |
| Chief Financial Officer of U-Haul Holding Company | ||||||||
| Samuel Shoen | 283,461 | 300,000 | 12,378 | — | — | — | 130,000 | 725,839 |
| Vice Chairman of U-Haul Holding Company and U-Box Project Manager | ||||||||
| John Taylor | 285,581 | 300,000 | 15,197 | — | — | — | 15,000 | 615,778 |
| President of U-Haul | ||||||||
| Douglas Bell | 230,642 | 147,077 | 12,571 | — | — | — | 0 | 390,290 |
| 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 officer | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Edward Shoen | $1,015,838 | $1,025,045 | $1,015,068 | ↓ −9,207 |
| Jason Berg | 743,642 | 737,390 | 727,169 | ↑ +6,252 |
| Samuel Shoen | 725,839 | 726,516 | 726,920 | ↓ −677 |
| John Taylor | 615,778 | 624,910 | 614,449 | ↓ −9,132 |
| Douglas Bell | 390,290 | 396,135 | — | ↓ −5,845 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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 policy | true |
| Anti-hedging | false |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
No outstanding equity awards are on file for this fiscal year.
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John P. BroganIndependent · Audit & Cyber · Executive Finance · Compensation · Independent Governance | $222,500 | $0 | — | — | $0 | $222,500 |
| James J. GroganIndependent · Audit & Cyber · Executive Finance · Independent Governance | 172,500 | 0 | — | — | 0 | 172,500 |
| James E. AcridgeIndependent · Audit & Cyber · Executive Finance · Compensation | 170,000 | 0 | — | — | 0 | 170,000 |
| Karl A. SchmidtIndependent · Audit & Cyber | 145,000 | 0 | — | — | 0 | 145,000 |
| Roberta R. ShankIndependent · Audit & Cyber · Compensation · Independent Governance | 142,500 | 0 | — | — | 0 | 142,500 |
| Richard J. HerreraIndependent | 105,000 | 0 | — | — | 0 | 105,000 |
| Douglas A. DuceyIndependent · Independent Governance | 90,000 | 0 | — | — | 0 | 90,000 |
| Thomas W. HayesIndependent | 67,500 | 0 | — | — | 0 | 67,500 |
| Laurence J. De RespinoIndependent | 22,500 | 0 | — | — | — | 22,500 |
| Edward J. ShoenEmployee director · Board Chair · Executive Finance | — | — | — | — | — | 0 |
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 | — |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $1,137,500 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $1,137,500 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names U-Haul as a peer
Companies that benchmark against UHAL
2 companies name UHAL as a compensation peer
- OLD DOMINION FREIGHT LINE, INC.ODFLFY2025
- RYDER SYSTEM INCRFY2025
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.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | U-Haul Holding | 2026 | Edward 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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-08-20 | 15,802,133 | 52,580 | 4,970 | 99.67% | Passed |
| 2023 | 2023-08-17 | 15,747,622 | 260,913 | 16,556 | 98.37% | Passed |
| 2020 | 2020-08-20 | 16,117,530 | 366,199 | 33,040 | 97.78% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-08-20 | 99.67%a |
| 2023 | 2023-08-17 | 98.37%b |
| 2020 | 2020-08-20 | 97.78%c |
a. Approved under the standard stated in the filing — “Proposal 2: The number of votes cast "FOR" this proposal must exceed the number of votes cast against it.”.
b. Approved under the standard stated in the filing — “Proposal 2: The number of votes cast "FOR" this proposal must exceed the number of votes cast against it.”.
c. Approved under the standard stated in the filing — “Proposal 2:There must be a "FOR" vote from the majority of votes cast.”.
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.
CEO pay ratio
| Ratio (CEO : median employee) | 35 : 1 |
|---|---|
| CEO total compensation | $1,015,838 |
| Median employee compensation | $29,063 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2026 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Mark Shoen V | Greater-than-10% holder | 2026-10-30 | D | 23,000 | $50 | $1,152,461 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-02 | D | 5,465 | 53 | 288,833 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-02 | D | 16,704 | 52 | 876,325 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-02 | D | 831 | 51 | 42,612 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-03 | D | 23,000 | 52 | 1,199,961 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-04 | D | 18,435 | 53 | 984,671 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-04 | D | 4,565 | 53 | 239,936 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-05 | D | 1,370 | 54 | 74,353 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-05 | D | 2,370 | 54 | 127,307 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-05 | D | 7,032 | 52 | 366,500 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-05 | D | 12,228 | 51 | 628,875 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-06 | D | 6,132 | 51 | 313,359 | Common, indirect | Form 4 ↗ |
| Mark Shoen V | Greater-than-10% holder | 2026-11-06 | D | 16,868 | 50 | 843,559 | Common, indirect | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (35 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Edward Shoen. DEF 14A, filed 2026-07-01. Section “Summary Compensation Table” · page 10. As printed: 1,015,838. View filing ↗
- Section 01, Jason Berg. DEF 14A, filed 2026-07-01. Section “Summary Compensation Table” · page 10. As printed: 743,642. View filing ↗
- Section 01, Samuel Shoen. DEF 14A, filed 2026-07-01. Section “Summary Compensation Table” · page 10. As printed: 725,839. View filing ↗
- Section 01, John Taylor. DEF 14A, filed 2026-07-01. Section “Summary Compensation Table” · page 10. As printed: 615,778. View filing ↗
- Section 01, Douglas Bell. DEF 14A, filed 2026-07-01. Section “Summary Compensation Table” · page 10. As printed: 390,290. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-07-01. Section “CEO Pay Ratio”. As printed: 35 : 1. View filing ↗
- Section 08, John P. Brogan. DEF 14A, filed 2026-07-01. Section “Director Compensation”. As printed: 222,500. View filing ↗
- Section 08, James J. Grogan. DEF 14A, filed 2026-07-01. Section “Director Compensation”. As printed: 172,500. View filing ↗
- Section 08, James E. Acridge. DEF 14A, filed 2026-07-01. Section “Director Compensation”. As printed: 170,000. View filing ↗
- Section 08, Karl A. Schmidt. DEF 14A, filed 2026-07-01. Section “Director Compensation”. As printed: 145,000. View filing ↗
- Section 08, Roberta R. Shank. DEF 14A, filed 2026-07-01. Section “Director Compensation”. As printed: 142,500. View filing ↗
- Section 08, Richard J. Herrera. DEF 14A, filed 2026-07-01. Section “Director Compensation”. As printed: 105,000. View filing ↗
- Section 08, Douglas A. Ducey. DEF 14A, filed 2026-07-01. Section “Director Compensation”. As printed: 90,000. View filing ↗
- Section 08, Thomas W. Hayes. DEF 14A, filed 2026-07-01. Section “Director Compensation”. As printed: 67,500. View filing ↗
- Section 08, Laurence J. De Respino. DEF 14A, filed 2026-07-01. Section “Director Compensation”. As printed: 22,500. View filing ↗
- Section 08, Edward J. Shoen. DEF 14A, filed 2026-07-01. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Mark Shoen V 2026-10-30. Form 4, filed 2026-11-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-02. Form 4, filed 2026-11-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-02. Form 4, filed 2026-11-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-02. Form 4, filed 2026-11-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-03. Form 4, filed 2026-11-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-04. Form 4, filed 2026-11-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-04. Form 4, filed 2026-11-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-05. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-05. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-05. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-05. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-06. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mark Shoen V 2026-11-06. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-08-24. Item 5.07 · say-on-pay result. As reported: 99.67% (votes for as printed: 15,802,133). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-08-18. Item 5.07 · say-on-pay result. As reported: 98.37% (votes for as printed: 15,747,622). View filing ↗
- Section 06, 2020 vote. Form 8-K, filed 2020-08-21. Item 5.07 · say-on-pay result. As reported: 97.78% (votes for as printed: 16,117,530). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 1,137,500 + equity 0 + all other 0 = 1,137,500, summed across the director compensation table rows.
- U-Haul Holding (subject), Section 10b CEO total. DEF 14A, filed 2026-07-01. CEO total compensation as printed in U-Haul Holding's own proxy. As printed: 1,015,838. View filing ↗