In 2024, Lance M. Fritz earned $5.64M in total compensation at Union Pacific, including $1.33M salary and $4.00M bonus. Most recently acquired 453 shares in Oct 2023. Currently holds stock worth $154.35M. Has donated $16.30M in stock to charitable causes. Has led Union Pacific for over 10 years.
Compensation History
Annual executive compensation data for Lance M. Fritz, including salary, bonuses, and stock awards.
Year
2024
Total Compensation
$5.64M
Salary
$1.33M
Bonus
$4.00M
Other
$312.22K
Salary
$1.33MBoard Justification
The Company’s executive compensation philosophy is to: Pay for Performance, Align with Shareholder Interests, and Attract and Retain Top Talent. 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. We also integrate the Company’s critical business objectives (safety, service, and financial performance) into the Company’s strategy and compensation programs to reflect individual performance and management effectiveness, along with other qualitative factors, which contribute to the Company’s performance.
Bonus
$4.00MBoard Justification
The annual incentive bonus for 2024 was based on the formulaic bonus program under the Company’s 2024 AIP, with 70% based on financial performance (operating income and operating ratio), 10% on safety metrics (reportable personal injury rate and reportable derailment rate), and 20% on a strategic scorecard.
Other Compensation
$312.22KBoard Justification
Other compensation includes use of corporate aircraft, tax and financial counseling services, excess liability premium, and company-matched thrift plan contributions.
Restricted Stock
Board Justification
Not applicable, no stock vested in 2024.
Performance Metrics
The performance metrics of the company for the CEO that determines the compensation in the given year include: Operating income, Operating ratio, Return on invested capital, Reportable personal injury rate, Reportable derailment rate, and Strategic Scorecard.
Lance M. Fritz
CEO of Union Pacific
Education
Bachelor of Science in Business Administration from the University of Nebraska.
Sector of Economy
Industrials
Born
May 31, 1961 - 64 years ago
CEO of Union Pacific for
10 years 10 months (Feb 2015 - Present)
Previous Experience
Executive Vice President-Operations
Other Union Pacific CEOs
Holdings
Track Lance M. Fritz's stock holdings and portfolio value over time.
Charitable Transactions
69,254 shares
UNP
Recent Charitable Transactions
5,000 shares
UNP
Dec 6, 2022
Charity
4,000 shares
UNP
Dec 2, 2021
Charity
5,000 shares
UNP
Oct 27, 2021
Charity
6,000 shares
UNP
Nov 11, 2020
Charity
15,492 shares
UNP
Jul 26, 2019
Charity
7,000 shares
UNP
Apr 23, 2019
Charity
Insider Trading
Lance M. Fritz's recent stock transactions, purchases, and sales filed with the SEC.
453 shares
PH
Oct 25, 2023
Received
$6.13K
UNP at $198.37/share
Apr 10, 2023
Received
$7.44K
UNP at $196.06/share
Mar 10, 2023
Received
$7.30M
UNP at $102.75/share
Feb 9, 2023
Received
5,000 shares
UNP
Dec 6, 2022
Charity
653 shares
PH
Oct 26, 2022
Received
$6.65K
UNP at $241.98/share
Apr 10, 2022
Received
$7.17K
UNP at $259.65/share
Mar 10, 2022
Received
Rivals
Compare Lance M. Fritz with competitor CEOs and industry peers.
David P. Abney
CEO of United Parcel Service, Inc.
2023 Compensation
Stock
$0.00
Salary
$1.51M
Bonus
$0.00
Other
$95.67K
Total Holdings
$1.01M
Alan H. Shaw
CEO of Norfolk Southern
2022 Compensation
Stock
$2.16M
Salary
$900.00K
Bonus
$5.54M
Other
$200.85K
Total Holdings
$119.24M
Charles W. Moorman
CEO of Norfolk Southern
2022 Compensation
Stock
$0.00
Salary
$900.00K
Bonus
$901.28K
Other
$200.85K
Total Holdings
$5.56M
Joseph R. Hinrichs
CEO of CSX
2023 Compensation
Stock
$0.00
Salary
$1.40M
Bonus
$2.42M
Other
$0.00
Total Holdings
$30.34M