U-Haul (UHAL) Proxy filing summary

Executive summary

• The 2026 Annual Meeting will be held on August 20, 2026, both in-person and via webcast, with a focus on increasing shareholder participation and reducing environmental impact.

• Six proposals are up for vote, including director elections, executive compensation, auditor ratification, board actions, and a climate-related disclosure proposal.

• Only holders of Voting Common Stock as of June 23, 2026, are entitled to vote; Non-Voting Common Stock holders may not vote.

• Voting can be done online, by phone, mail, or in person, with specific deadlines for each method.

Voting matters and shareholder proposals

• Proposal 1: Election of seven directors for terms expiring at the 2027 Annual Meeting.

• Proposal 2: Advisory vote to approve executive compensation (say-on-pay).

• Proposal 3: Advisory vote on frequency of future say-on-pay votes; board recommends every three years.

• Proposal 4: Ratification of Deloitte & Touche LLP as independent auditor for fiscal 2027.

• Proposal 5: Stockholder proposal to ratify board and executive actions for fiscal 2026.

• Proposal 6: Stockholder proposal requesting annual disclosure of fleet GHG emissions and reduction targets; board recommends voting against.

Board of directors and corporate governance

• Seven nominees for director, with diverse backgrounds in business, law, and industry; majority are independent under NYSE rules.

• Board committees include Audit & Cyber, Executive Finance, Compensation, and Independent Governance.

• The company is a "controlled company" under NYSE rules, exempt from certain governance requirements, but maintains independent committees.

• Director compensation is cash-based, with additional fees for committee service.