Form 4: Union Pacific Director Doyle Simons Acquires Phantom Stock Units
SEC Form 4 Filing
Director Doyle Simons acquired 337 Phantom Stock Units of Union Pacific, payable in cash upon retirement, according to a Form 4 filing.
Summary
- On July 1, 2024, Doyle Simons, a director of Union Pacific Corp, acquired 337 Phantom Stock Units.
- These units are payable in cash upon retirement.
- Following the transaction, Simons directly owns 971 Phantom Stock Units.
- The distribution ratio for Phantom Stock Units is 1:1.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding transactions by company insiders, such as directors and officers, in their own company's stock. This allows the public to monitor potential conflicts of interest and assess the confidence level of insiders in the company's prospects.
Stakeholder Impact
- The acquisition of Phantom Stock Units by a director may signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Doyle Simons acquired 337 Phantom Stock Units |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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