Form 4: Director John Wiehoff Increases Stake in Union Pacific

Union Pacific Director John Wiehoff acquired 191 phantom stock units as part of his director compensation package.

Summary

• Director John P. Wiehoff acquired 191 phantom stock units of Union Pacific Corporation (UNP).
• The transaction occurred on April 1, 2026, at a price of $243.12 per unit.
• These units are part of a deferred compensation plan and are payable in cash upon retirement.
• Following this transaction, the director holds a total of 2,049 phantom stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation with no impact on operational strategy.

Positives

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

Negatives

• None identified; this is a routine disclosure of director compensation.

Risks

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

Future Outlook

The filing does not provide forward-looking guidance regarding company operations, focusing solely on director compensation.

Industry Context

StockSavvy.ai notes that routine director equity acquisitions are standard practice in the rail industry to ensure board members maintain a vested interest in the company's long-term performance.

Comparison to Industry Standards

• The use of phantom stock units for director compensation is consistent with standard corporate governance practices among S&P 500 industrial companies.
• The 1:1 distribution ratio is a standard industry benchmark for deferred compensation plans.

Stakeholder Impact

• Minimal impact on shareholders as this represents standard director compensation.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

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