Form 4: Union Pacific Director Acquires Phantom Stock Units

Union Pacific director Doyle Simons acquired 335 phantom stock units on January 2, 2025, convertible to cash upon retirement.

Summary

• Doyle Simons, a director at Union Pacific Corp, acquired 335 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 the transaction, Mr. Simons directly owns 1,617 shares of Union Pacific common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, which is neither positive nor negative. It is a standard part of corporate governance and compensation practices.

Industry Context

This is a routine disclosure of insider transactions, which is common for publicly traded companies. It reflects a director's compensation and alignment with the company's long-term performance.

Comparison to Industry Standards

• Phantom stock grants are a common form of executive compensation in publicly traded companies, particularly for directors and senior management.
• The 1:1 distribution ratio is standard for phantom stock units, reflecting a direct link to the underlying common stock value.
• Companies like CSX and Norfolk Southern also use similar equity-based compensation methods for their directors.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a form of director compensation.
• The phantom stock units align the director's interests with the long-term performance of the company.

Key Dates

Keywords

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