Form 4: Union Pacific Director Jane H. Lute Reports Phantom Stock Acquisition
SEC Form 4
Director Jane H. Lute reports acquisition of 376 phantom stock units of Union Pacific, payable in cash upon retirement.
Summary
- On October 1, 2024, Jane H. Lute, a director of Union Pacific Corp, acquired 376 phantom stock units.
- These phantom stock units are payable in cash upon retirement and have a distribution ratio of 1:1.
- The price of the phantom stock is $245.55.
- Following the transaction, Lute directly owns 9,672 shares of Union Pacific common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides insight into the compensation structure for Union Pacific's directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Acquisition of 376 phantom stock units |
| 10/03/2024 | Date of signature on the Form 4 filing |
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