Form 4: Union Pacific Director Acquires Phantom Stock Units

Union Pacific Corp. Director John Wiehoff acquired 193 phantom stock units, increasing his total beneficial ownership to 1,465 units, valued at $235.57 per unit.

Summary

• John Wiehoff, a Director of Union Pacific Corp. (UNP), acquired 193 phantom stock units.
• The transaction occurred on July 1, 2025.
• Each phantom stock unit has a distribution ratio of 1:1 with Common Stock.
• The phantom stock units are valued at $235.57 per unit.
• Following this acquisition, John Wiehoff beneficially owns a total of 1,465 phantom stock units.
• These phantom stock units are payable in cash only, commencing at retirement.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a director is generally viewed positively as it aligns the director's interests with shareholder value, although the cash-settled nature means no direct equity increase.

Positives

• The acquisition of phantom stock units by a director indicates continued alignment of management interests with shareholder value, as these units are tied to the company's stock performance.
• The increase in beneficial ownership by a director can be seen as a vote of confidence in the company's future prospects.

Negatives

• The phantom stock units are cash-settled, meaning they do not directly increase the director's equity ownership in the company, which might be preferred by some investors for stronger alignment.

Future Outlook

This Form 4 reports a past transaction and does not contain forward-looking statements or guidance.

Industry Context

This filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• Acquisition of 193 phantom stock units by Director John Wiehoff from Union Pacific Corp. on July 1, 2025, valued at $235.57 per unit.

Stakeholder Impact

• Shareholders may view the director's increased beneficial ownership as a positive signal, indicating confidence in the company's future performance.

Key Dates

Recommendation

Keywords

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