Form 4: Union Pacific Director Christopher J. Williams Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Christopher J. Williams reports acquisition of 220 phantom stock units in Union Pacific Corp.
Summary
- Christopher J. Williams, a director of Union Pacific Corp (UNP), reported a transaction on July 1, 2024.
- Williams acquired 220 phantom stock units.
- Following the transaction, Williams directly owns 4,685 phantom stock units.
- These phantom stock units are payable in cash only upon retirement and have a 1:1 distribution ratio.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The phantom stock units will be payable in cash upon Williams' retirement.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of phantom stock units |
| 07/02/2024 | Date of signature on the Form 4 filing |
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