Form 4: Union Pacific Director Christopher J. Williams Reports Phantom Stock Transaction

Director Christopher J. Williams reports acquisition of phantom stock units in Union Pacific, payable in cash upon retirement.

Summary

• On April 1, 2025, Christopher J. Williams, a director of Union Pacific Corp (UNP), acquired 214 phantom stock units.
• The price of the phantom stock was $237.17.
• Following the transaction, Williams directly owns 5,322 shares of Union Pacific common stock.
• The phantom stock units are payable in cash only upon retirement with a 1:1 distribution ratio.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, simply reporting a transaction.

Future Outlook

The phantom stock units will be payable in cash upon the director's retirement.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company directors. It is standard practice for directors to receive stock-based compensation, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates

Keywords

Form 4, Union Pacific, UNP, Christopher J. Williams, Phantom Stock, Director, Beneficial Ownership, Securities