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Transportation & Logistics

United Parcel Service Executive Compensation (FY25)

UPS · Atlanta, GA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Carol Tomé
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): May 11, 2026
12 filings cited on this page
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354 figures on this page: 346 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Carol Tomé: $24,063,977 → $22,878,788 (4.9% lower)
CEO pay ratio: 436:1 → 345:1 (20.9% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is United Parcel Service's chief executive and what were they paid?
Carol Tomé, Chief Executive Officer, received $22,878,788 in total compensation for fiscal 2025. Compared with the $24,063,977 reported for fiscal 2024, Tomé's total was 4.9% lower.
What was United Parcel Service's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 83.6% of votes cast including abstentions in favor at the meeting held May 7, 2026.
Which companies are in United Parcel Service's peer group?
Companies named in the disclosed peer group include AT&T, Inc., Caterpillar Inc., Cisco Systems, Inc., Comcast Corporation and Deere & Company, among others.
What is United Parcel Service's chief executive pay ratio?
The company reported a chief executive pay ratio of 345:1 for fiscal 2025, against median employee compensation of $66,268.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Carol Tomé
Chief Executive Officer
◇—◇◇◇—◇◇
Bala Subramanian
Chief Digital and Technology Officer
◇◇◇———◇◇
Brian Newman
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Kate Gutmann
Executive Vice President and Chief Sales and Solutions Officer
◇—◇◇◇—◇◇
Nando Cesarone
Executive Vice President and President, International
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Carol Tomé
Chief Executive Officer
◇—◇◇◇—◇◇
Kate Gutmann
President International, Healthcare and Supply Chain Solutions
◇—◇◇◇◇◇◇
Brian Newman
Chief Financial Officer
◇—◇◇◇—◇◇
Nando Cesarone
President U.S. and UPS Airline
◇—◇◇◇—◇◇
Bala Subramanian
Chief Digital and Technology Officer
◇◇◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Carol Tomé
Chief Executive Officer
◇—◇◇◇—◇◇
Brian Newman
Former Chief Financial Officer
Departed during or after this year
◇—◇◇◇—◇◇
Kate Gutmann
President International, Healthcare and Supply Chain Solutions
◇—◇◇◇—◇◇
Nando Cesarone
President U.S. and UPS Airline
◇—◇◇◇—◇◇
Bala Subramanian
Chief Digital and Technology Officer
◇◇◇◇◇—◇◇
Brian Dykes
Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Carol Tomé
Chief Executive Officer
◇—◇◇◇—◇◇
Kate Gutmann
President International, Healthcare and Supply Chain Solutions
◇—◇◇◇◇◇◇
Nando Cesarone
President U.S. Operations and Airline
◇—◇◇◇—◇◇
Brian Dykes
Chief Financial Officer
◇—◇◇◇◇◇◇
Bala Subramanian
Chief Digital and Technology Officer
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Bala SubramanianOPTION◇——◇—◇◇
Bala SubramanianRSU◇——◇——◇
Bala SubramanianPSU◇◇◇—◇—◇
Brian DykesPSU◇◇◇—◇—◇
Brian DykesOPTION◇——◇—◇◇
Brian DykesRSU◇——◇——◇
Carol ToméOPTION◇——◇—◇◇
Carol ToméPSU◇◇◇—◇—◇
Kate GutmannPSU◇◇◇—◇—◇
Kate GutmannRSU◇——◇——◇
Kate GutmannOPTION◇——◇—◇◇
Nando CesaroneOPTION◇——◇—◇◇
Nando CesaroneRSU◇——◇——◇
Nando CesaronePSU◇◇◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Carol ToméRSU◇◇——
Option◇—◇5/9/2035
Option◇—◇3/20/2034
Option◇—◇3/22/2033
Option◇—◇3/23/2032
Option◇—◇2/10/2031
Kate GutmannPSU◇◇——
Option◇—◇5/9/2035
RSU◇◇——
Option◇—◇3/20/2034
Option◇—◇3/22/2033
Option◇—◇3/23/2032
Option◇—◇2/10/2031
Option◇—◇3/25/2031
Nando CesaronePSU◇◇——
Option◇—◇5/9/2035
RSU◇◇——
Option◇—◇3/20/2034
Option◇—◇3/22/2033
Option◇—◇3/23/2032
Option◇—◇2/10/2031
Bala SubramanianPSU◇◇——
Option◇—◇5/9/2035
RSU◇◇——
Option◇—◇3/20/2034
Option◇—◇3/22/2033
Brian DykesPSU◇◇——
Option◇—◇5/9/2035
RSU◇◇——
Option◇—◇3/20/2034
Option◇—◇3/22/2033
Option◇—◇3/23/2032
Option◇—◇2/10/2031
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Bala Subramanian
Chief Digital and Technology Officer · Severance agreement
Non-compete period◇
Non-solicit period◇
Brian Dykes
Chief Financial Officer · Severance agreement
Severance multiple◇
Change-in-control trigger◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Carol Tomé
Chief Executive Officer · Severance agreement
Severance multiple◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Kate Gutmann
President International, Healthcare and Supply Chain Solutions · Severance agreement
Severance multiple◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Nando Cesarone
President U.S. Operations and Airline · Severance agreement
Severance multiple◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Johnson
Board chair
◇◇————◇
Eva Boratto
◇◇————◇
Christiana Smith Shi
◇◇————◇
Rodney Adkins
◇◇————◇
Kevin Clark
◇◇————◇
Kevin Warsh
◇◇————◇
Angela Hwang
◇◇————◇
Kate Johnson
◇◇————◇
Russell Stokes
◇◇————◇
Franck Moison
◇◇————◇
Wayne Hewett
◇◇————◇
John Morikis
◇◇————◇
Michael Burns
◇—————◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AT&T, Inc. T
  • Caterpillar Inc. CAT
  • Cisco Systems, Inc. CSCO
  • Comcast Corporation CMCSA
  • Deere & Company DE
  • FedEx Corporation FDX
  • Intel Corporation INTC
  • Johnson & Johnson JNJ
  • Lockheed Martin Corporation LMT
  • Lowe's Companies, Inc. LOW
  • McDonald's Corp. MCD
  • PepsiCo, Inc. PEP
  • Target Corp. TGT
  • The Boeing Company BA
  • The Home Depot, Inc. HD
  • The Procter & Gamble Company PG
  • Walmart, Inc. WMT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 2, 2024=◇◇◇
2022May 4, 2023=◇◇◇
2021May 5, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2016May 4, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Carol Tomé (Chief Executive Officer), FY2025 total compensation $22,878,788 (base salary $1,509,713) [exec_comp, SEC accession 0001628280-26-019856, filed 2026-03-19]

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What this page does not include

Everything above is a fact United Parcel Service disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where United Parcel Service sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
354 figures on this page: 346 cited to the filing that reported them, 8 calculated from figures it prints.
346 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001628280-26-033522
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0001628280-26-019856
    2025 Director Compensation and Outstanding Stock Awards · 2025 Outstanding Equity Awards at Fiscal Year-End · 2025 Summary Compensation Table · CEO Pay Ratio · and 2 more sections
  3. 0001090727-25-000051
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  4. 0001090727-25-000038
    Summary Compensation Table
  5. 0001090727-24-000031
  6. 0001090727-24-000028
  8. 0001090727-23-000029
  9. 0001090727-22-000025
  10. 0001090727-21-000026
  11. 0001090727-20-000025
  12. 0001193125-17-162609
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Velarion, “United Parcel Service executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/UPS (accessed 2026).
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12 filings cited on this page
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Transportation & Logistics rankings

Chief executive pay — Transportation & LogisticsCEO pay ratio — Transportation & LogisticsSay-on-pay support — Transportation & Logistics

Peers United Parcel Service discloses

The companies named in UPS's own disclosed peer group.

AT&T, Inc.Caterpillar Inc.Cisco Systems, Inc.Comcast CorporationDeere & CompanyFedEx CorporationIntel CorporationJohnson & JohnsonLockheed Martin CorporationLowe's Companies, Inc.McDonald's Corp.PepsiCo, Inc.Target Corp.The Boeing CompanyThe Home Depot, Inc.The Procter & Gamble CompanyWalmart, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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