Sundar PichaiSundar Pichai earned $164M in 2023

Lance M. Fritz served as the CEO of Union Pacific Corporation from February 2015 to August 2023, after gradually climbing the ranks since joining the railroad in 2000. He held various roles including Vice President of Labor Relations and Executive...

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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 3 months (Feb 2015 - Present)

Previous Experience

Executive Vice President-Operations

Holdings

See how much did Lance M. Fritz make over time.

As of recent reports, Lance M. Fritz holds more than 592,763 shares of Union Pacific valued at approximately $151 million. His wealth in company stock has fluctuated over time, but these shares demonstrate a significant tie to the company's performance....

Mar 18, 2025

Charitable Transactions

UNP

69,254 shares

UNP

Recent Charitable Transactions

UNP

5,000 shares

UNP

Dec 6, 2022

Charity

UNP

4,000 shares

UNP

Dec 2, 2021

Charity

UNP

5,000 shares

UNP

Oct 27, 2021

Charity

UNP

6,000 shares

UNP

Nov 11, 2020

Charity

UNP

15,492 shares

UNP

Jul 26, 2019

Charity

UNP

7,000 shares

UNP

Apr 23, 2019

Charity

Insider Trading

See recent insider trades of Lance M. Fritz.

PH

453 shares

PH

Oct 25, 2023

Received

UNP

$6.13K

UNP at $198.37/share

Apr 10, 2023

Received

UNP

$7.44K

UNP at $196.06/share

Mar 10, 2023

Received

UNP

$7.30M

UNP at $102.75/share

Feb 9, 2023

Received

UNP

5,000 shares

UNP

Dec 6, 2022

Charity

PH

653 shares

PH

Oct 26, 2022

Received

UNP

$6.65K

UNP at $241.98/share

Apr 10, 2022

Received

UNP

$7.17K

UNP at $259.65/share

Mar 10, 2022

Received

Compensation History

See how much did Lance M. Fritz make over time.

In 2023, Lance M. Fritz earned a total compensation package of $2.48 million that included a base salary of $1.33 million and a bonus of $960,000. His earnings have seen notable ups and downs over the years; for instance, in 2022, he received $14.32 million—his highest reported pay—while managing the company's performance metrics closely. The company's approach to executive pay is performance-oriented, meaning Fritz’s bonuses and stock options depended on hitting specific financial targets. However, he faced no bonus in 2020 due to the adverse impacts of the COVID-19 pandemic on operations, emphasizing the variability in his earnings that mirrors the company's trajectory. This compensation strategy reflects a broader trend in corporate governance, where leaders are rewarded based on measurable outcomes and shareholder interests.

Year

2023

Total Compensation

$7.39M

Salary

$1.33M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with the company's financial performance and shareholder interests, while also considering market competitiveness.

Bonus

$960.00K

Board Justification

The annual incentive bonus for 2023 was based on a formulaic bonus program under the Company’s 2023 Annual Incentive Plan, which resulted in a payout of 40% of target due to below target operating income and below threshold operating ratio performance.

Other

$165.96K

Board Justification

Other compensation includes perquisites such as use of corporate assets, tax and financial counseling services, and company-matched thrift plan contributions.

Restricted Stock

$4.94M(24.37K common stock)

Board Justification

The stock awards that vested in 2023 were performance stock units granted in prior years, specifically for the performance period ending December 31, 2023.

Performance Metrics

The performance metrics for determining the compensation included operating income and operating ratio targets, as well as individual performance and strategic business objectives.

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