Form 4: Union Pacific Director Acquires Phantom Stock Units

Union Pacific director William J. DeLaney III acquired 223 phantom stock units on January 2, 2025, which are payable in cash upon retirement.

Summary

• William J. DeLaney III, a director at Union Pacific Corp, acquired 223 phantom stock units on January 2, 2025.
• These phantom stock units are payable in cash only, commencing at retirement.
• The distribution ratio for the phantom stock units is 1:1, meaning each unit represents one share of common stock.
• Following this transaction, Mr. DeLaney directly owns 5,676 shares of Union Pacific common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of phantom stock units, which is a normal part of director compensation. There is no indication of any positive or negative sentiment.

Future Outlook

The phantom stock units will be payable in cash upon the director's retirement.

Industry Context

This is a routine disclosure of insider transactions, which is common for publicly traded companies. It reflects a form of equity compensation for a director.

Comparison to Industry Standards

• Phantom stock grants are a common form of executive compensation, particularly for directors and senior management in publicly traded companies.
• The 1:1 distribution ratio is standard for phantom stock units, meaning each unit mirrors the value of one common share.
• The vesting and payment terms, specifically payable in cash upon retirement, are also typical for this type of equity compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a form of compensation for a director.
• The phantom stock units will be paid out in cash upon retirement, which could have a small impact on the company's cash flow in the future.

Key Dates

Keywords

phantom stock, stock units, director, insider trading, Union Pacific, UNP, equity compensation