Union Pacific (UNP) executive compensation, 2026 proxy

V. James Vena, Chief Executive Officer, was paid $20.3M in 2025, up 15% from $17.6M the year before. The CEO-to-median-employee pay ratio was 151:1, on median employee pay of $134,454.

Filed
March 25, 2026
Annual meeting
May 14, 2026
Pay year
2025
Named executives
6
CEO total pay
$20.3M+15% vs prior year
CEO to median employee
151:1median $134,454
CEO pay in equity
74%$15M in awards
Prior say-on-pay support
94%of votes cast
CEO Total Compensation
$20,30MTotal pay for fiscal 2025
CEO Pay Ratio
151:1Ratio to median employee
Median Employee Pay
$134,454Annual total compensation
Say-on-Pay Support
94%Votes cast in favor

How Vena was paid

$20.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary7%Stock awards44%Option awards30%Non-equity incentive17%All other compensation2%

Named executive officers

ExecutiveTotal
V. James VenaChief Executive Officer$20,296,362
Jennifer L. HamannEVP & Chief Financial Officer$6,054,991
Eric J. GehringerEVP Operations$5,047,090
Kenny G. RockerEVP Marketing & Sales$4,710,045
Rahul JalaliEVP & Chief Information Officer$3,195,992
Elizabeth F. WhitedFormer President$7,587,111

What changed and why

  • $20.3MChief Executive Officer V. James Vena received total compensation of $20,296,362 in 2025 compared to $17,644,763 in 2024.
  • 94%Shareholders demonstrated strong support for executive compensation with approximately 94% of votes cast in favor of say-on-pay in 2025.
  • Performance stock units depend on return on invested capital and operating income growth compared to peers.
  • $7.1BReported net income reached $7.1 billion or $11.98 per diluted share for full year 2025.
  • 24%Personal injury rate improved 24% and derailment incident rate improved 19% compared to 2024.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.