Form 4: Director Sheri H. Edison Increases Stake in Union Pacific

Union Pacific Director Sheri H. Edison acquired 198 phantom stock units as part of director compensation.

Summary

• Director Sheri H. Edison acquired 198 phantom stock units of Union Pacific Corporation (UNP).
• The transaction occurred on April 1, 2026.
• The phantom stock units are valued at $243.12 per unit.
• Following this transaction, the director holds a total of 3,442 shares of phantom stock.
• These units are payable in cash only upon the director's retirement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Director demonstrates alignment with shareholder interests through the acquisition of equity-linked 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 and transportation sector to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

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

Stakeholder Impact

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

Next Steps

• No further actions required by the issuer.

Key Dates

Keywords

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