Form 4: Union Pacific Director Acquires Phantom Stock Units

Union Pacific Director Doyle Simons acquired 361 phantom stock units, increasing his total beneficial ownership to 3,015 units.

Summary

• Doyle Simons, a Director at Union Pacific Corp (UNP), acquired 361 phantom stock units.
• The transaction occurred on January 2, 2026.
• Following this acquisition, Mr. Simons beneficially owns a total of 3,015 phantom stock units.
• Each phantom stock unit was valued at $231.91, tied to the common stock price.
• Phantom Stock Units are payable in cash only, commencing at retirement, with a distribution ratio of 1:1 to Common Stock.

Sentiment

Score: 7

Explanation: The acquisition of additional phantom stock by a director is generally viewed as a positive signal, indicating management's confidence in the company's long-term value and prospects.

Positives

• Director Doyle Simons' acquisition of additional phantom stock units signals continued confidence in Union Pacific's future prospects.
• The increase in beneficial ownership aligns the director's interests more closely with those of shareholders.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's future performance, focusing solely on the insider transaction.

Industry Context

This insider transaction reflects a director's individual investment decision within the railroad industry, which is generally influenced by broader economic conditions, freight volumes, and operational efficiencies. It does not provide direct insight into industry trends or competitor performance.

Stakeholder Impact

• Shareholders may view this insider acquisition as a positive indicator of management's belief in the company's future, potentially boosting investor confidence.

Key Dates

Keywords

Union Pacific, UNP, Doyle Simons, Director, Phantom Stock, Insider Transaction, SEC Form 4, Beneficial Ownership