Form 4: Union Pacific Director Doyle Simons Reports Acquisition of Phantom Stock Units

Director Doyle Simons reports acquiring 311 Phantom Stock Units of Union Pacific, payable in cash upon retirement, at a price of $245.55 per unit.

Summary

• On October 1, 2024, Doyle Simons, a director of Union Pacific Corp (UNP), acquired 311 Phantom Stock Units.
• These units are payable in cash only, commencing at retirement.
• The price of the phantom stock is $245.55.
• Following the transaction, Simons directly owns 1,282 shares of Union Pacific common stock.
• The reporting was filed on October 3, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. This specific filing indicates a director's acquisition of phantom stock units, a form of deferred compensation.

Stakeholder Impact

• The acquisition of phantom stock units by a director can align their interests with those of the shareholders, as the value of the units is tied to the company's performance.

Key Dates