Form 4: Union Pacific Director Acquires Phantom Stock Units

Union Pacific Corp. Director John K. Tien Jr. acquired 191 phantom stock units, increasing his total beneficial ownership to 1,191 units.

Summary

• John K. Tien Jr., a Director of Union Pacific Corp. (UNP), acquired 191 phantom stock units.
• The transaction occurred on July 1, 2025.
• The phantom stock units were acquired at a price of $235.57 per unit.
• Following this acquisition, John K. Tien Jr. beneficially owns a total of 1,191 phantom stock units.
• Each phantom stock unit has a 1:1 distribution ratio to common stock.
• These units are payable in cash only commencing at retirement.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a director is generally a positive signal, indicating alignment of interests and confidence in the company. However, it is a routine compensation event rather than a major strategic announcement.

Positives

• The acquisition of phantom stock units by a director aligns their interests with shareholders.
• Increased beneficial ownership by a director can signal confidence in the company's future performance.

Future Outlook

NA

Industry Context

This document is an insider transaction report, which details an individual's equity compensation and ownership, rather than providing broader industry trends or competitive analysis.

Related Party Transactions

• Acquisition of phantom stock units by Director John K. Tien Jr. as part of his compensation package.

Stakeholder Impact

• Shareholders: The director's increased beneficial ownership aligns their interests with shareholders, potentially signaling confidence in the company's future.

Key Dates

Keywords

Union Pacific, UNP, Phantom Stock, Insider Transaction, Director Compensation, SEC Form 4, Equity Compensation, Beneficial Ownership