V. James Vena

Chief Executive Officer at UNION PACIFIC

Board

Since August 14, 2023

Age

66 years

Education

Holds a Bachelor of Science in Mathematics and Chemistry from the University of Alberta and an Advanced Graduate Diploma in Management from Athabasca University.

Tenure

Joined Union Pacific holding key roles including Chief Operating Officer from January 2019 to December 2020, Senior Advisor to the Chairman from January 2021 to June 2021, before advancing to Chief Executive Officer on August 14, 2023.

Also at UNION PACIFIC

CVR

Craig V. Richardson

EVP, Chief Legal Officer & Corporate Sec.

EFW

Elizabeth F. Whited

President

EJG

Eric J. Gehringer

EVP - Operations

About

V. James Vena has established a distinguished reputation in the transportation industry, marked by decades of leadership and strategic insights throughout his career.

His professional journey at Union Pacific includes serving pivotal roles such as Chief Operating Officer and Senior Advisor to the Chairman, demonstrating his commitment to operational excellence and innovation as he advanced to Chief Executive Officer.

In addition to his impactful work at Union Pacific, he spent over four decades at Canadian National Railway, where he held multiple leadership responsibilities including a tenure as Executive Vice President and Chief Operating Officer from 2013 to 2016. His board service at FedEx Corporation further underscores his extensive expertise in audit, finance, governance, safety, and public policy.

$UNP Performance Under V. James Vena

Past Roles

Organization	Role	Date Range	Details [N/A]
Union Pacific Corporation	Senior Advisor to the Chairman	January 2021 - June 2021	N/A
Union Pacific Railroad	Chief Operating Officer	January 2019 - December 2020	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,250,000	2023, prorated for partial-year service starting August 14, 2023	CEO base salary for 2023
Relocation Benefits	$49,782	2023	Includes monetary allowances and moving services for relocation needs
Company-Matched Thrift Plan Contributions	$26,071	2023	Contribution to the thrift plan
Use of Corporate Assets	$58,094	2023	Cost for use of corporate aircraft for non-business travel

Performance Compensation

Data from FY 2023

Annual Incentive Bonus

Metric/Attribute	Detail	Comments
Bonus Target (Full-Year)	$2,250,000	Set by the Compensation and Benefits Committee
Prorated Target	$937,500	Due to partial-year service starting August 14, 2023
Actual Payout	$1,406,250	150% of the prorated target, reflecting strong start performance
Performance Metrics Weights	70% on financial; 20% on strategic; 10% on individual	Used as reference for other NEOs but not applied to V. James Vena due to mid-year start
Vesting Schedule	N/A	Bonus is a cash payout with no vesting schedule
Evaluation Period	2023 (Partial-Year)	Reflects service period from August 14, 2023

Note: While typical performance metrics include specific thresholds, targets, and conditions, for V. James Vena the bonus was determined solely based on a guaranteed prorated target and subsequent performance-based adjustment rather than detailed pre-established metrics.