Form 4: Union Pacific CFO Jennifer Hamann Executes Stock Option and Disposes of Shares for Tax Obligations

Jennifer Hamann, EVP & CFO of Union Pacific, exercised stock options and disposed of shares to cover tax obligations on February 26, 2024.

Summary

• On February 26, 2024, Jennifer L. Hamann, EVP & CFO of Union Pacific Corp, exercised a non-qualified stock option to acquire 4,796 shares of common stock at a price of $107.30.
• Following the exercise of the option, Ms. Hamann disposed of shares to satisfy tax withholding obligations.
• Specifically, 2,004 shares were disposed of at a price of $256.91 per share, and another 1,173 shares were disposed of at the same price.
• After these transactions, Ms. Hamann directly owns 105,738.3806 shares of Union Pacific common stock.
• She also continues to hold options to purchase Union Pacific common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider transactions and has a neutral sentiment. It reflects routine financial activity by a company executive.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's outlook or strategy. It is common for executives to exercise stock options and sell a portion of the acquired shares to cover tax liabilities.

Comparison to Industry Standards

• Executive compensation packages often include stock options as a way to align management's interests with those of shareholders.
• The exercise of options and subsequent sale of shares for tax purposes is a standard practice among executives at publicly traded companies.
• Comparable companies such as Norfolk Southern (NSC) and CSX Corporation (CSX) also see similar Form 4 filings from their executives.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
• The filing provides transparency regarding executive compensation and stock ownership.

Key Dates