Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-01

Universal Logistics Holdings (ULH)

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.

$1,193,811
Tim Phillips total, FY2025
CEO pay percentile vs peers
26:1
CEO-to-median pay ratio
99.32%
Say-on-pay support, latest vote
Companies that benchmark against ULH
1 company names ULH as a compensation peer

Each company listed discloses ULH 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 ULH 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
Tim Phillips$700,180$318,500$175,020$0$0$0$111$1,193,811
President and Chief Executive Officer
Jude Beres548,314210,000223,599000111982,024
Chief Financial Officer and Treasurer

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
Tim Phillips$1,193,811
Jude Beres982,024

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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Tim PhillipsOTHER$175,020
Jude BeresOTHER223,599
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Tim PhillipsRSU54,323$825,166
Jude BeresRSU15,658237,845
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary objective of the Company's executive compensation program is to support the creation of long-term value for stockholders. The program is designed to attract, motivate, reward, and retain the executive leadership necessary to achieve the Company's strategic and operational objectives, while maintaining a disciplined and efficient approach to the use of corporate resources.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantCannot be determined from provided text
Clawback policyCannot be determined from provided text
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-2925,683,675176,54243,85999.32%Passed
20232023-04-2625,040,757172,65512,11299.32%Passed
20202020-04-3025,690,700587,91215,95397.76%Passed
20172017-04-2725,686,8022,194,65722,60492.13%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
20262026-04-2999.32%a
20232023-04-2699.32%b
20202020-04-3097.76%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be treated as votes cast and, accordingly, will have no effect on the outcome of the vote on this proposal.”.

c. Approved under the standard stated in the filing — “Accordingly, abstentions and broker non-votes will not count either in favor of or against the proposal.”.

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)26 : 1
CEO total compensation$1,193,811
Median employee compensation$45,990
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Matthew T. MorounNot independent · Board Chair · Compensation (Chair) · Executive (Chair)$85,013$14,987$0$0$100,000
Grant E. BelangerIndependent · Audit (Chair) · ESG Representative58,34614,9870073,333
Richard P. UrbanIndependent · Audit48,3349,9990058,333
Marcus D. HudsonIndependent · Audit52,50000052,500
Clarence W. GoodenIndependent50,00000050,000
H.E. Scott WolfeIndependent50,00000050,000
Frederick P. CalderoneNot independent50,00000050,000
Michael A. ReganIndependent42,0017,9990050,000
Matthew J. MorounNot independent35,01314,9870050,000
Daniel J. DeaneIndependent · Departed during FY27,50000027,500
Tim PhillipsEmployee director · Compensation · Executive000000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 100,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$498,707
Equity awards (grant-date value)$62,959
All other compensation$0
Total cost of the board$561,666

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
1Universal Logistics Holdings2025Tim Phillips$700,180$175,020$0$0$1,193,811

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, Tim PhillipsDEF 14A2026-03-310001193125-26-134611Section “Summary Compensation Table”. As printed: 1,193,811. Filing ↗machine: r2 · c6 · span 449275–449284
2Section 01, Jude BeresDEF 14A2026-03-310001193125-26-134611Section “Summary Compensation Table”. As printed: 982,024. Filing ↗machine: r5 · c6 · span 456658–456665
3Section 03, Tim Phillips OTHERDEF 14A2026-03-310001193125-26-134611Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t22 · r2 · c4 · span 448585–448592
4Section 03, Jude Beres OTHERDEF 14A2026-03-310001193125-26-134611Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t22 · r5 · c4 · span 455968–455975
5Section 07, pay ratioDEF 14A2026-03-310001193125-26-134611Section “CEO Pay Ratio”. As printed: 26 : 1. Filing ↗machine: span 585541–585543
6Section 08, Matthew T. MorounDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 100,000. Filing ↗machine: t19 · r8 · c4 · span 269565–269572
7Section 08, Grant E. BelangerDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 73,333. Filing ↗machine: t19 · r2 · c4 · span 257950–257956
8Section 08, Richard P. UrbanDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 58,333. Filing ↗machine: t19 · r10 · c4 · span 273381–273387
9Section 08, Marcus D. HudsonDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 52,500. Filing ↗machine: t19 · r6 · c1 · span 264698–264704
10Section 08, Clarence W. GoodenDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 50,000. Filing ↗machine: t19 · r5 · c1 · span 262627–262633
11Section 08, H.E. Scott WolfeDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 50,000. Filing ↗machine: t19 · r11 · c1 · span 274220–274226
12Section 08, Frederick P. CalderoneDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 50,000. Filing ↗machine: t19 · r3 · c1 · span 258747–258753
13Section 08, Michael A. ReganDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 50,000. Filing ↗machine: t19 · r9 · c4 · span 271461–271467
14Section 08, Matthew J. MorounDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 50,000. Filing ↗machine: t19 · r7 · c4 · span 267643–267649
15Section 08, Daniel J. DeaneDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 27,500. Filing ↗machine: t19 · r4 · c1 · span 260761–260767
16Section 08, Tim PhillipsDEF 14A2026-03-310001193125-26-134611Section “Director Compensation”. As printed: 0. Filing ↗
17Section 06, 2026 voteForm 8-K2026-05-010001193125-26-201493Item 5.07 · say-on-pay result. As reported: 99.32% (votes for as printed: 25,683,675). Filing ↗
18Section 06, 2023 voteForm 8-K2023-04-270000950170-23-015334Item 5.07 · say-on-pay result. As reported: 99.32% (votes for as printed: 25,040,757). Filing ↗
19Section 06, 2020 voteForm 8-K2020-04-300001564590-20-020238Item 5.07 · say-on-pay result. As reported: 97.76%. Filing ↗
20Section 09b board cost (computed)ComputedcomputedCash 498,707 + equity 62,959 + all other 0 = 561,666, summed across the director compensation table rows.machine: formula: Σ = 561,666
21Universal Logistics Holdings (subject), Section 10b CEO totalDEF 14A2026-03-310001193125-26-134611CEO total compensation as printed in Universal Logistics Holdings's own proxy. As printed: 1,193,811. Filing ↗machine: r2 · c6 · span 449275–449284