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Companies Union Pacific Corp

Union Pacific (UNP): executive pay, fiscal 2025

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CEO total pay$20,296,362CEO V. James Vena · source
Say-on-pay support94.89%Latest vote · source
CEO vs. named peers22nd pct.Of 11 peer CEOs
CEO pay ratio151:1To the median employee · source

CEO pay, last three years

  • $2,017,348FY2023
  • $17,644,763FY2024
  • $20,296,362FY2025

CEO total pay was $20,296,362 in fiscal 2025, up from $17,644,763 in fiscal 2024.

FY2025: salary $1,475,000 · bonus $0 · stock awards $9,000,130 · option awards $6,000,003

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Union Pacific Corp in fiscal 2025?
As disclosed, V. James Vena (Chief Executive Officer) was the highest-paid executive at Union Pacific Corp in fiscal 2025, with total compensation of $20,296,362.
How does Union Pacific Corp's chief executive pay compare to its disclosed peer group?
As disclosed, V. James Vena's total compensation ranked at the 22nd percentile of Union Pacific Corp's disclosed peer group.
What is Union Pacific Corp's CEO-to-median employee pay ratio?
As disclosed, Union Pacific Corp's CEO-to-median employee pay ratio was 151:1.
How did shareholders vote on Union Pacific Corp's executive compensation?
As disclosed, 94.89% of shareholders supported Union Pacific Corp's executive compensation in the latest say-on-pay vote.
How much does Union Pacific Corp spend in total on board compensation for fiscal 2025?
As disclosed, Union Pacific Corp reported total board compensation of $3,586,336 for fiscal 2025.

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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
V. James Vena$1,475,000$0$9,000,130$6,000,003$3,437,250$0$383,979$20,296,362
Chief Executive Officer
Elizabeth Whited575,00002,400,0351,600,050687,4502,297,67526,9017,587,111
Special Advisor (Former President)
Jennifer Hamann707,50001,800,0261,200,0011,099,9201,216,52031,0246,054,991
Executive Vice President and Chief Financial Officer
Eric Gehringer693,33301,650,0241,100,0611,031,175518,55253,9455,047,090
Executive Vice President, Operations
Kenny Rocker600,83301,350,019900,0371,031,175806,41821,5634,710,045
Executive Vice President, Marketing and Sales
Rahul Jalali563,33301,050,015700,013824,940057,6913,195,992
Executive Vice President and Chief Information Officer

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 FY2024→2025
V. James Vena$20,296,362$17,644,763$2,017,348↑ +2,651,599
Elizabeth Whited7,587,1116,510,1883,683,610↑ +1,076,923
Jennifer Hamann6,054,9914,772,4284,472,788↑ +1,282,563
Eric Gehringer5,047,0904,441,4143,499,906↑ +605,676
Kenny Rocker4,710,0453,794,7312,902,287↑ +915,314
Rahul Jalali3,195,992———

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

Pay for Performance -- We tie pay to performance by aligning a significant portion of the executive's opportunity for compensation to annual (short-term) and long-term Company strategy. Align with Shareholder Interests -- We link a substantial portion of executive compensation to both short-term and long-term financial performance that benefits our shareholders. Attract and Retain Top Talent -- We are able to attract and retain key executives critical to our long-term success by structuring compensation levels to reflect the competitive marketplace for similar positions at other comparable peer group companies.

CEO STI target (% of salary)167%
CEO LTI target (% of salary)—
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Eric GehringerPSU2025-02-061,6946,776—13,552$1,650,024
Rahul JalaliPSU2025-02-061,0784,312—8,6241,050,015
Rahul JalaliOPTION2025-02-06——14,373—700,013
Jennifer HamannPSU2025-02-061,8487,392—14,7841,800,026
V. James VenaOPTION2025-02-06——123,195—6,000,003
V. James VenaPSU2025-02-069,24036,960—73,9209,000,130
Elizabeth WhitedPSU2025-02-062,4649,856—19,7122,400,035
Kenny RockerPSU2025-02-061,3865,544—11,0881,350,019
Elizabeth WhitedOPTION2025-02-06——32,853—1,600,050
Eric GehringerOPTION2025-02-06——22,587—1,100,061
Jennifer HamannOPTION2025-02-06——24,639—1,200,001
Kenny RockerOPTION2025-02-06——18,480—900,037

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Eric Gehringer$0$1,650,024$1,100,06160.0%
Rahul Jalali01,050,015700,01360.0%
Jennifer Hamann01,800,0261,200,00160.0%
V. James Vena09,000,1306,000,00360.0%
Elizabeth Whited02,400,0351,600,05060.0%
Kenny Rocker01,350,019900,03760.0%

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

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Rahul JalaliRSU3,054—$706,451
Rahul JalaliOption3,313202.81—
Kenny RockerRSU3,817—882,948
Kenny RockerOption4,141202.81—
Elizabeth WhitedRSU4,453—1,030,068
Elizabeth WhitedOption4,831202.81—
Eric GehringerRSU5,725—1,324,307
Eric GehringerOption6,211202.81—
Rahul JalaliOption6,478248.82—
Jennifer HamannRSU6,615—1,530,182
Jennifer HamannOption7,177202.81—
Rahul JalaliPSU7,930—1,834,368
Kenny RockerOption8,638248.82—
Kenny RockerPSU10,367—2,398,094
Eric GehringerOption10,796248.82—
Jennifer HamannOption11,876248.82—
Eric GehringerPSU12,805—2,962,053
Jennifer HamannPSU14,024—3,244,032
Rahul JalaliOption14,373243.51—
Elizabeth WhitedOption17,274248.82—
Kenny RockerOption18,480243.51—
Elizabeth WhitedPSU19,502—4,511,203
Eric GehringerOption22,587243.51—
Jennifer HamannOption24,639243.51—
Elizabeth WhitedOption32,853243.51—
V. James VenaOption51,820248.82—
V. James VenaPSU65,897—15,243,294
V. James VenaOption123,195243.51—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael R. McCarthyIndependent · Board Chair · Finance$500,000$0$0$0$28,079$528,079
David B. DillonIndependent · Audit (Chair) · Corporate Governance, Nominating & Sustainability · Not standing for re-election335,0000003,079338,079
Christopher J. WilliamsIndependent · Finance · Safety & Service Quality310,00000028,079338,079
Sheri H. EdisonIndependent · Compensation & Talent · Corporate Governance, Nominating & Sustainability (Chair)320,00000015,879335,879
Jane H. LuteIndependent · Audit · Corporate Governance, Nominating & Sustainability · Safety & Service Quality (Chair)320,0000006,079326,079
Deborah C. HopkinsIndependent · Compensation & Talent · Finance (Chair)320,0000003,079323,079
Doyle R. SimonsIndependent · Compensation & Talent (Chair)316,6670003,079319,746
Teresa M. FinleyIndependent · Audit · Compensation & Talent310,0000008,079318,079
John P. WiehoffIndependent · Audit · Compensation & Talent310,0000003,079313,079
John K. Tien, JrIndependent · Audit · Finance310,0000003,079313,079
William J. DeLaneyIndependent · Compensation & Talent · Safety & Service Quality · Departed during FY130,0000003,079133,079
W Anthony WillIndependent · Audit · Finance · Newly elected000000
V. James VenaEmployee director000—00

Board fee structure and ownership guideline

Annual cash retainer$125,000
Annual equity retainer$175,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 20,000
Stock ownership guidelineEnforce Stringent Executive Stock Ownership Guidelines

Total cost of the board

ComponentFY2025
Cash retainers and fees$3,481,667
Equity awards (grant-date value)$0
All other compensation$104,669
Total cost of the board$3,586,336

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

Peer group, and who names Union Pacific as a peer

Companies that benchmark against UNP

15 companies name UNP as a compensation peer

The list of companies that name UNP as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

Of the companies Union Pacific Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Union Pacific Corp.

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
1Southern Co.2025Christopher Womack$1,560,577$13,830,054$0$3,665,025$28,223,562
2Deere & Co.2025John May1,694,50713,950,2394,255,1335,450,55127,925,424
3FedEx2026Rajesh Subramaniam1,550,0006,731,3643,715,06210,593,50027,554,018
4RTX Corp.2025Christopher Calio1,525,00010,875,3916,753,909024,846,826
5NextEra Energy2025John Ketchum1,606,15412,873,6463,100,0005,120,00024,192,607
6UPS2025Carol Tomé1,509,71317,550,5461,358,7542,264,56922,878,788
7Honeywell International2025Vimal Kapur1,600,00010,866,2693,623,9143,516,80020,381,435
8Union Pacific Corp2025V. James Vena1,475,0009,000,1306,000,0033,437,25020,296,362
9Exelon2025Calvin Butler1,379,00010,900,02402,665,71915,601,905
10CSX2025Stephen Angel386,3645,385,3425,248,065513,86311,711,612
—Canadian National——————not in coverage universe
—Canadian Pacific Kansas City——————not in coverage universe

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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Union Pacific Corp138%PSU 60 · Options 40NoPay Governance
Canadian Nationalnot disclosednot disclosednot disclosednot disclosed
Canadian Pacific Kansas Citynot disclosednot disclosednot disclosednot disclosed
CSX76%PSU 60 · Option 20 · RSU 20NoPay Governance, LLC
Deere & Co.160.8%PSU 50 · RSU 25 · Options 25NoSemler Brossy Consulting Group, LLC (current); Pearl Meyer & Partners, LLC (prior year)
Exelon133.62%PSU 67 · RSU 33Yes — 3-year TSRWillis Towers Watson (WTW)
FedEx112.5%not disclosedYes — Relative TSR (FY24-FY26 LTI Cash Plan)Meridian Compensation Partners, LLC
Honeywell International126%PSU 50 · Options 25 · RSU 25Yes — three-year total shareowner return (TSR) relative to the 2025 Compensation Peer Groupnot disclosed
NextEra Energy189%%Performance Shares 60 · Options 14 · Performance-Based Restricted Stock 3NoFrederic W. Cook & Co., Inc.
RTX Corp.164%PSU 60 · Options 40Yes — TSR vs. Core A&D PeersFW Cook
Southern Co.179%not disclosedYes — Relative TSRPay Governance
UPS75%PSU 93 · Options 7Yes — Relative Total Shareowner Return (RTSR)FW Cook

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-14454,118,03024,436,1142,241,17994.89%Passed
20252025-05-08437,800,73227,943,4272,567,47994%Passed
20242024-05-09448,487,42020,318,8643,385,76395.67%Passed
20232023-05-18415,933,60840,609,8864,058,37791.1%Passed
20222022-05-12450,415,35330,250,0592,101,77393.71%Passed
20212021-05-13483,670,06230,474,3371,860,11494.07%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
20262026-05-1494.89%a
20252025-05-0894%b
20242024-05-0995.67%c

a. Approved under the standard stated in the filing — “In accordance with Utah law, abstentions and broker non-votes are not treated as votes cast and, therefore, are not counted in determining which directors are elected under Proposal Number 1 or in determining the outcome on Proposal Numbers 2 and 3.”.

b. Approved under the standard stated in the filing — “In accordance with Utah law, abstentions and broker non-votes are not treated as votes cast and, therefore, are not counted in determining which directors are elected under Proposal Number 1 or in determining the outcome on Proposal Numbers 2, 3 and 4.”.

c. Approved under the standard stated in the filing — “In accordance with Utah law, abstentions and broker non-votes are not treated as votes cast and, therefore, are not counted in determining which directors are elected under Proposal Number 1 or in determining the outcome on Proposal Numbers 2, 3, 4, and 5.”.

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)151 : 1
CEO total compensation$20,296,362
Median employee compensation$134,454
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Deborah C. HopkinsDirector2026-04-01A251$243$61,023Derivative, Class A CommonForm 4 ↗
Jane H. LuteDirector2026-04-01A41124399,922Derivative, Class A CommonForm 4 ↗
John P. WiehoffDirector2026-04-01A19124346,436Derivative, Class A CommonForm 4 ↗
David B. DillonDirector2026-04-01A25624362,239Derivative, Class A CommonForm 4 ↗
Teresa M. FinleyDirector2026-04-01A19824348,138Derivative, Class A CommonForm 4 ↗
John K. Tien, JrDirector2026-04-01A18924345,950Derivative, Class A CommonForm 4 ↗
W Anthony WillDirector2026-04-01A17924343,518Derivative, Class A CommonForm 4 ↗
Christopher J. WilliamsDirector2026-04-01A21324351,785Derivative, Class A CommonForm 4 ↗
Doyle R. SimonsDirector2026-04-01A34624384,120Derivative, Class A CommonForm 4 ↗
Sheri H. EdisonDirector2026-04-01A19824348,138Derivative, Class A CommonForm 4 ↗
Michael R. McCarthyDirector2026-04-01A917243222,941Derivative, Class A CommonForm 4 ↗
Christina B. ConlinEVP Chief Legal Officer & Corp2026-04-10A7.612511,905CommonForm 4 ↗
Eric GehringerEVP Operations2026-04-10A14.972513,750CommonForm 4 ↗
Carrie J. PowersVP & Controller2026-04-10A6.312511,580CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-04-10A13.972513,500CommonForm 4 ↗
Jennifer HamannEVP & Chief Financial Officer2026-04-10A9.282512,325CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-04-10A2.97251744CommonForm 4 ↗
Rahul JalaliEVP & Chief Information Office2026-04-10A9.582512,400CommonForm 4 ↗
V. James VenaDirector2026-04-10A11.982513,000CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-04-24D15,53100Derivative, Class A CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-04-24D11,85600Derivative, Class A CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-04-24D11,8562723,221,987CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-04-24A11,8561621,915,574CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-04-24D15,5312724,220,705CommonForm 4 ↗
Jennifer HamannEVP & Chief Financial Officer2026-04-24D2,000275549,400CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-04-24A15,5311862,890,474CommonForm 4 ↗
Rahul JalaliEVP & Chief Information Office2026-05-10A9.072652,400CommonForm 4 ↗
Eric GehringerEVP Operations2026-05-10A14.172653,750CommonForm 4 ↗
Jennifer HamannEVP & Chief Financial Officer2026-05-10A8.792652,325CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-05-10A2.81265744CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-05-10A13.232653,500CommonForm 4 ↗
Christina B. ConlinEVP Chief Legal Officer & Corp2026-05-10A7.22651,905CommonForm 4 ↗
Carrie J. PowersVP & Controller2026-05-10A5.972651,580CommonForm 4 ↗
Eric GehringerEVP Operations2026-06-03D2,991264789,504CommonForm 4 ↗
Christina B. ConlinEVP Chief Legal Officer & Corp2026-06-10A7.132671,905CommonForm 4 ↗
Eric GehringerEVP Operations2026-06-10A13.112673,500CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-06-10A13.112673,500CommonForm 4 ↗
Carrie J. PowersVP & Controller2026-06-10A5.922671,580CommonForm 4 ↗
Rahul JalaliEVP & Chief Information Office2026-06-10A8.992672,400CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-06-10A2.79267744CommonForm 4 ↗
Jennifer HamannEVP & Chief Financial Officer2026-06-10A8.712672,325CommonForm 4 ↗
Deborah C. HopkinsDirector2026-07-01A22127861,378Derivative, Class A CommonForm 4 ↗
Jane H. LuteDirector2026-07-01A362278100,538Derivative, Class A CommonForm 4 ↗
John K. Tien, JrDirector2026-07-01A16627846,103Derivative, Class A CommonForm 4 ↗
Christopher J. WilliamsDirector2026-07-01A18927852,491Derivative, Class A CommonForm 4 ↗
Teresa M. FinleyDirector2026-07-01A17427848,325Derivative, Class A CommonForm 4 ↗
John P. WiehoffDirector2026-07-01A16727846,381Derivative, Class A CommonForm 4 ↗
W Anthony WillDirector2026-07-01A15927844,159Derivative, Class A CommonForm 4 ↗
Sheri H. EdisonDirector2026-07-01A17527848,603Derivative, Class A CommonForm 4 ↗
Doyle R. SimonsDirector2026-07-01A30527884,708Derivative, Class A CommonForm 4 ↗
Michael R. McCarthyDirector2026-07-01A808278224,406Derivative, Class A CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-07-10A2.59287744CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-07-10A4.882871,400CommonForm 4 ↗
Jennifer HamannEVP & Chief Financial Officer2026-07-10A8.12872,325CommonForm 4 ↗
Carrie J. PowersVP & Controller2026-07-10A5.512871,580CommonForm 4 ↗
Christina B. ConlinEVP Chief Legal Officer & Corp2026-07-10A2.21287635CommonForm 4 ↗
Rahul JalaliEVP & Chief Information Office2026-07-10A8.362872,400CommonForm 4 ↗
Christina B. ConlinEVP Chief Legal Officer & Corp2026-08-10A2.17292635CommonForm 4 ↗
Jennifer HamannEVP & Chief Financial Officer2026-08-10A7.962922,325CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-08-10A2.55292744CommonForm 4 ↗
Rahul JalaliEVP & Chief Information Office2026-08-10A8.212922,400CommonForm 4 ↗
Carrie J. PowersVP & Controller2026-08-10A5.412921,580CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-09-04D43100CommonForm 4 ↗
Jennifer HamannEVP & Chief Financial Officer2026-09-10A7.382862,109CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-09-10A2.6286744CommonForm 4 ↗
Christina B. ConlinEVP Chief Legal Officer & Corp2026-09-10A2.22286635CommonForm 4 ↗
Rahul JalaliEVP & Chief Information Office2026-09-10A5.122861,464CommonForm 4 ↗
Carrie J. PowersVP & Controller2026-09-10A5.532861,580CommonForm 4 ↗
Sheri H. EdisonDirector2026-10-01A17927248,763Derivative, Class A CommonForm 4 ↗
John P. WiehoffDirector2026-10-01A17227246,856Derivative, Class A CommonForm 4 ↗
Michael R. McCarthyDirector2026-10-01A839272228,560Derivative, Class A CommonForm 4 ↗
Deborah C. HopkinsDirector2026-10-01A22927262,384Derivative, Class A CommonForm 4 ↗
W Anthony WillDirector2026-10-01A16227244,132Derivative, Class A CommonForm 4 ↗
Christopher J. WilliamsDirector2026-10-01A19427252,849Derivative, Class A CommonForm 4 ↗
Jane H. LuteDirector2026-10-01A372272101,340Derivative, Class A CommonForm 4 ↗
John K. Tien, JrDirector2026-10-01A17127246,584Derivative, Class A CommonForm 4 ↗
Doyle R. SimonsDirector2026-10-01A31227284,995Derivative, Class A CommonForm 4 ↗
Teresa M. FinleyDirector2026-10-01A17927248,763Derivative, Class A CommonForm 4 ↗
Christina B. ConlinEVP Chief Legal Officer & Corp2026-10-10A2.28278635CommonForm 4 ↗
Kenny RockerEVP Marketing & Sales2026-10-10A2.67278744CommonForm 4 ↗
Carrie J. PowersVP & Controller2026-10-10A5.682781,580CommonForm 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 (137 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, V. James Vena. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table” · page 59. As printed: 20,296,362. View filing ↗
  • Section 01, Elizabeth Whited. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table” · page 59. As printed: 7,587,111. View filing ↗
  • Section 01, Jennifer Hamann. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table” · page 59. As printed: 6,054,991. View filing ↗
  • Section 01, Eric Gehringer. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table” · page 59. As printed: 5,047,090. View filing ↗
  • Section 01, Kenny Rocker. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table” · page 59. As printed: 4,710,045. View filing ↗
  • Section 01, Rahul Jalali. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table” · page 59. As printed: 3,195,992. View filing ↗
  • Section 03, Eric Gehringer PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Rahul Jalali PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Rahul Jalali OPTION. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jennifer Hamann PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, V. James Vena OPTION. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, V. James Vena PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Elizabeth Whited PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Kenny Rocker PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Elizabeth Whited OPTION. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Eric Gehringer OPTION. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jennifer Hamann OPTION. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Kenny Rocker OPTION. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-03-25. Section “CEO Pay Ratio”. As printed: 151 : 1. View filing ↗
  • Section 08, Michael R. McCarthy. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 528,079. View filing ↗
  • Section 08, David B. Dillon. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 338,079. View filing ↗
  • Section 08, Christopher J. Williams. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 338,079. View filing ↗
  • Section 08, Sheri H. Edison. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 335,879. View filing ↗
  • Section 08, Jane H. Lute. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 326,079. View filing ↗
  • Section 08, Deborah C. Hopkins. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 323,079. View filing ↗
  • Section 08, Doyle R. Simons. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 319,746. View filing ↗
  • Section 08, Teresa M. Finley. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 318,079. View filing ↗
  • Section 08, John P. Wiehoff. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 313,079. View filing ↗
  • Section 08, John K. Tien, Jr. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 313,079. View filing ↗
  • Section 08, William J. DeLaney. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 133,079. View filing ↗
  • Section 08, W Anthony Will. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, V. James Vena. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Deborah C. Hopkins 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jane H. Lute 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John P. Wiehoff 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David B. Dillon 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Teresa M. Finley 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John K. Tien, Jr 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, W Anthony Will 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christopher J. Williams 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Doyle R. Simons 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sheri H. Edison 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael R. McCarthy 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christina B. Conlin 2026-04-10. Form 4, filed 2026-04-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Eric Gehringer 2026-04-10. Form 4, filed 2026-04-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Carrie J. Powers 2026-04-10. Form 4, filed 2026-04-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-04-10. Form 4, filed 2026-04-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jennifer Hamann 2026-04-10. Form 4, filed 2026-04-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-04-10. Form 4, filed 2026-04-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Rahul Jalali 2026-04-10. Form 4, filed 2026-04-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, V. James Vena 2026-04-10. Form 4, filed 2026-04-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-04-24. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-04-24. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-04-24. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-04-24. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-04-24. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jennifer Hamann 2026-04-24. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-04-24. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Rahul Jalali 2026-05-10. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Eric Gehringer 2026-05-10. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jennifer Hamann 2026-05-10. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-05-10. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-05-10. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christina B. Conlin 2026-05-10. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Carrie J. Powers 2026-05-10. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Eric Gehringer 2026-06-03. Form 4, filed 2026-06-04. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christina B. Conlin 2026-06-10. Form 4, filed 2026-06-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Eric Gehringer 2026-06-10. Form 4, filed 2026-06-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-06-10. Form 4, filed 2026-06-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Carrie J. Powers 2026-06-10. Form 4, filed 2026-06-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Rahul Jalali 2026-06-10. Form 4, filed 2026-06-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-06-10. Form 4, filed 2026-06-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jennifer Hamann 2026-06-10. Form 4, filed 2026-06-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Deborah C. Hopkins 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jane H. Lute 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John K. Tien, Jr 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christopher J. Williams 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Teresa M. Finley 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John P. Wiehoff 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, W Anthony Will 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sheri H. Edison 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Doyle R. Simons 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael R. McCarthy 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-07-10. Form 4, filed 2026-07-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-07-10. Form 4, filed 2026-07-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jennifer Hamann 2026-07-10. Form 4, filed 2026-07-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Carrie J. Powers 2026-07-10. Form 4, filed 2026-07-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christina B. Conlin 2026-07-10. Form 4, filed 2026-07-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Rahul Jalali 2026-07-10. Form 4, filed 2026-07-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christina B. Conlin 2026-08-10. Form 4, filed 2026-08-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jennifer Hamann 2026-08-10. Form 4, filed 2026-08-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-08-10. Form 4, filed 2026-08-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Rahul Jalali 2026-08-10. Form 4, filed 2026-08-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Carrie J. Powers 2026-08-10. Form 4, filed 2026-08-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-09-04. Form 4, filed 2026-09-04. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jennifer Hamann 2026-09-10. Form 4, filed 2026-09-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-09-10. Form 4, filed 2026-09-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christina B. Conlin 2026-09-10. Form 4, filed 2026-09-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Rahul Jalali 2026-09-10. Form 4, filed 2026-09-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Carrie J. Powers 2026-09-10. Form 4, filed 2026-09-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sheri H. Edison 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John P. Wiehoff 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael R. McCarthy 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Deborah C. Hopkins 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, W Anthony Will 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christopher J. Williams 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jane H. Lute 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John K. Tien, Jr 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Doyle R. Simons 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Teresa M. Finley 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christina B. Conlin 2026-10-10. Form 4, filed 2026-10-20. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenny Rocker 2026-10-10. Form 4, filed 2026-10-20. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Carrie J. Powers 2026-10-10. Form 4, filed 2026-10-20. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-18. Item 5.07 · say-on-pay result. As reported: 94.89% (votes for as printed: 454,118,030). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-09. Item 5.07 · say-on-pay result. As reported: 94% (votes for as printed: 437,800,732). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-10. Item 5.07 · say-on-pay result. As reported: 95.67% (votes for as printed: 448,487,420). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 3,481,667 + equity 0 + all other 104,669 = 3,586,336, summed across the director compensation table rows.
  • Southern Co., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Southern Co.'s own proxy. As printed: 28,223,562. View filing ↗
  • Deere & Co., Section 10b CEO total. DEF 14A, filed 2026-01-14. CEO total compensation as printed in Deere & Co.'s own proxy. As printed: 27,925,424. View filing ↗
  • FedEx, Section 10b CEO total. DEF 14A, filed 2026-08-17. CEO total compensation as printed in FedEx's own proxy. As printed: 27,554,018. View filing ↗
  • RTX Corp., Section 10b CEO total. DEF 14A, filed 2026-03-09. CEO total compensation as printed in RTX Corp.'s own proxy. As printed: 24,846,826. View filing ↗
  • NextEra Energy, Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in NextEra Energy's own proxy. As printed: 24,192,607. View filing ↗
  • UPS, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in UPS's own proxy. As printed: 22,878,788. View filing ↗
  • Honeywell International, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Honeywell International's own proxy. As printed: 20,381,435. View filing ↗
  • Union Pacific Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Union Pacific Corp's own proxy. As printed: 20,296,362. View filing ↗
  • Exelon, Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in Exelon's own proxy. As printed: 15,601,905. View filing ↗
  • CSX, Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in CSX's own proxy. As printed: 11,711,612. View filing ↗
  • Section 10a, Deere & Co. reciprocity. DEF 14A. Deere & Co.'s most recent proxy was read; its disclosed peer group does not include Union Pacific Corp. View filing ↗
  • Section 10a, Honeywell International reciprocity. DEF 14A. Honeywell International's most recent proxy was read; its disclosed peer group does not include Union Pacific Corp. View filing ↗
  • Section 10a, NextEra Energy reciprocity. DEF 14A. NextEra Energy names Union Pacific Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, UPS reciprocity. DEF 14A. UPS's most recent proxy was read; its disclosed peer group does not include Union Pacific Corp. View filing ↗
  • Section 10a, RTX Corp. reciprocity. DEF 14A. RTX Corp.'s most recent proxy was read; its disclosed peer group does not include Union Pacific Corp. View filing ↗
  • Section 10a, CSX reciprocity. DEF 14A. CSX names Union Pacific Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Southern Co. reciprocity. DEF 14A. Southern Co.'s most recent proxy was read; its disclosed peer group does not include Union Pacific Corp. View filing ↗
  • Section 10a, Exelon reciprocity. DEF 14A. Exelon names Union Pacific Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
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