Union Pacific CEO Lance Fritz's 2021 pay slips 13% to $15M
Union Pacific reports 2021 executive compensation
By ExecPay News
Published: March 29, 2022
Union Pacific reported fiscal year 2021 executive compensation information on March 29, 2022.
In 2021, five executives at Union Pacific received on average a compensation package of $5.5M, a 7% decrease compared to previous year.
Average pay of disclosed executives at Union Pacific
Lance M. Fritz, Chief Executive Officer, received $15M in total, which decreased by 13% compared to 2020. 43% of Fritz's compensation, or $6.3M, was in stock awards. Fritz also received $47K of change in pension value and nonqualified deferred compensation earnings, $2.6M in non-equity incentive plan, $4.2M in option awards, $1.2M in salary, as well as $170K in other compensation.
For fiscal year 2021, the median employee pay was $89,878 at Union Pacific. Therefore, the ratio of Lance M. Fritz's pay to the median employee pay was 162 to one.
Jennifer L. Hamann, Chief Financial Officer, received a compensation package of $4.4M, which increased by 17% compared to previous year. 28% of the compensation package, or $1.2M, was in stock awards.
Kenny G. Rocker, EVP Marketing & Sales, earned $3M in 2021, a 6% decrease compared to previous year.
Elizabeth F. Whited, EVP Sustainability & Strategy, received $2.9M in 2021, which decreases by 37% compared to 2020.
Eric J. Gehringer, EVP Operations, earned $2.4M in 2021, a 62% increase compared to previous year.
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Source: SEC filing on March 29, 2022.