Form 4: Union Pacific Director Acquires Phantom Stock Units

Christopher J. Williams, a director at Union Pacific, acquired 219 phantom stock units on January 2, 2025.

Summary

• On January 2, 2025, Christopher J. Williams, a director of Union Pacific Corp, acquired 219 phantom stock units.
• These phantom stock units are payable in cash upon 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. Williams directly owns 5,108 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing, indicating a standard transaction. There is no positive or negative sentiment associated with this type of filing.

Industry Context

This is a routine filing related to insider transactions and is common for directors of publicly traded companies.

Comparison to Industry Standards

• Phantom stock grants are a common form of compensation for directors and executives in publicly traded companies, aligning their interests with shareholders.
• The transaction is similar to other stock-based compensation plans used by companies like CSX and Norfolk Southern in the railroad industry.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a director's compensation and alignment with the company's performance.

Key Dates

Keywords

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