Form 4: Union Pacific Director Deborah C. Hopkins Acquires Phantom Stock Units

Union Pacific director Deborah C. Hopkins acquired 257 phantom stock units on January 2, 2025, convertible to cash upon retirement.

Summary

• Deborah C. Hopkins, a director at Union Pacific Corp, acquired 257 phantom stock units on January 2, 2025.
• These phantom stock units are payable in cash only, commencing at retirement.
• The distribution ratio for the phantom stock units is 1:1, meaning each unit represents one share of common stock.
• Following this transaction, Ms. Hopkins directly owns 11,510 shares of Union Pacific common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. The acquisition of phantom stock units is a common practice and does not indicate any significant positive or negative sentiment.

Future Outlook

The phantom stock units will be payable in cash upon Ms. Hopkins' retirement.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Many publicly traded companies use phantom stock or similar equity-based compensation for directors and executives.
• The 1:1 distribution ratio is a standard practice for phantom stock units.
• The vesting and payout terms are typical for such arrangements, with cash payments upon retirement.

Stakeholder Impact

• The transaction has a minor positive impact on Ms. Hopkins' personal wealth.
• The transaction has no immediate impact on other stakeholders.

Key Dates

Keywords

Union Pacific, Phantom Stock, Director, Stock Units, Insider Trading, Form 4, UNP