Form 4: Union Pacific Director David B. Dillon Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
David B. Dillon, a director of Union Pacific Corp, reported the acquisition of 262 phantom stock units on July 1, 2024.
Summary
- On July 1, 2024, David B. Dillon, a director at Union Pacific Corp, acquired 262 phantom stock units.
- These phantom stock units are payable in cash upon retirement and have a distribution ratio of 1:1.
- Following the transaction, Dillon directly owns 11,822 shares of Common Stock.
- The transaction was reported on July 2, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of phantom stock units, which are often part of executive compensation packages.
Stakeholder Impact
- The acquisition of phantom stock units by a director could be seen positively by stakeholders as it aligns the director's interests with the long-term performance of the company.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of 262 phantom stock units. |
| 07/02/2024 | Date of report filing. |
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