Form 4: Director Christopher J. Williams Adds to UNP Holdings

Director Christopher J. Williams acquired 213 phantom stock units in Union Pacific Corp as part of director compensation.

Summary

• Director Christopher J. Williams acquired 213 phantom stock units of Union Pacific Corp (UNP).
• The transaction occurred on April 1, 2026.
• The phantom stock units are valued at $243.12 per unit.
• These units are payable in cash only upon the director's retirement.
• Following this transaction, the director holds a total of 6,193 phantom stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing reflecting standard director compensation rather than a signal of strategic shift or market sentiment.

Positives

• Demonstrates continued alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Value of phantom stock is tied to the future performance of Union Pacific common stock.

Future Outlook

The phantom stock units are payable in cash only upon the director's retirement, indicating a long-term holding strategy.

Industry Context

StockSavvy.ai notes that director equity acquisitions via phantom stock plans are standard corporate governance practices in the rail industry to ensure long-term alignment with shareholder value.

Comparison to Industry Standards

• The use of phantom stock units for director compensation is consistent with standard practices among large-cap industrial and transportation companies like CSX and Norfolk Southern.

Stakeholder Impact

• Neutral impact on shareholders as this is a standard compensation disclosure.

Next Steps

• No future actions required by the reporting person other than continued service.

Key Dates

Keywords

Union Pacific, UNP, Insider Trading, Form 4, Director Compensation, Phantom Stock