Form 4: Union Pacific Director Acquires Phantom Stock Units
Insider Transaction Report
Union Pacific Corp. Director Christopher J. Williams reported the acquisition of 216 phantom stock units, effective July 1, 2025.
Summary
- Christopher J. Williams, a Director at Union Pacific Corp (UNP), filed a Form 4 reporting the acquisition of 216 Phantom Stock Units.
- The transaction date for this acquisition was July 1, 2025.
- The Phantom Stock Units were valued at $235.57 per unit.
- Following this transaction, Christopher J. Williams beneficially owns a total of 5,538 Phantom Stock Units.
- These Phantom Stock Units have a 1:1 distribution ratio to Common Stock but are payable in cash only commencing at retirement.
Sentiment
Score: 7
Explanation: The acquisition of phantom stock by a director is generally a positive signal of alignment with shareholder interests, though it's a routine compensation event rather than a strategic announcement.
Positives
- The acquisition of 216 Phantom Stock Units by Director Christopher J. Williams aligns his interests with those of shareholders.
- The increase in beneficial ownership to 5,538 Phantom Stock Units demonstrates a continued stake in the company's long-term performance.
Future Outlook
Phantom Stock Units are payable in cash only commencing at retirement, indicating a future payout mechanism for this form of compensation.
Industry Context
This document is a routine insider transaction report (Form 4) and does not provide broader industry context or trends.
Related Party Transactions
- Acquisition of 216 Phantom Stock Units by Director Christopher J. Williams as part of his compensation package.
Stakeholder Impact
- Shareholders: Increased alignment of Director Christopher J. Williams' interests with shareholders due to the equity-linked compensation.
Next Steps
- Payout of Phantom Stock Units commencing at retirement.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of earliest transaction for the acquisition of 216 Phantom Stock Units. |
| 07/02/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Union Pacific Corp, UNP, Christopher J. Williams, Form 4, SEC filing, insider trading, phantom stock, beneficial ownership, director compensation, equity compensation
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