Form 4: Director Doyle Simons Increases Stake in Union Pacific

Union Pacific Director Doyle Simons acquired 346 phantom stock units as part of his director compensation package.

Summary

• Director Doyle Simons acquired 346 phantom stock units of Union Pacific Corporation (UNP).
• The transaction occurred on April 1, 2026, at a price of $243.12 per unit.
• Following this transaction, the director holds a total of 3,361 phantom stock units.
• Phantom stock units are settled in cash upon the director's retirement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Demonstrates continued alignment of director interests with long-term shareholder value through equity-linked compensation.

Negatives

• None identified; this is a routine compensation-related disclosure.

Risks

• Value of phantom stock is subject to the underlying 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 routine equity grants to board members are standard corporate governance practice in the railroad industry to ensure directors remain incentivized by company stock performance.

Comparison to Industry Standards

• The use of phantom stock for director compensation is consistent with standard practices at major industrial and transportation firms like CSX and Norfolk Southern.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation event.

Next Steps

• No further actions required; this is a completed transaction.

Key Dates

Keywords

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