Form 4: Union Pacific Director Jane H. Lute Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Jane H. Lute reports acquisition of phantom stock units and updates beneficial ownership of Union Pacific Corp shares.
Summary
- On July 1, 2024, Jane H. Lute, a director of Union Pacific Corp, acquired 408 phantom stock units.
- These phantom stock units are payable in cash upon retirement.
- The distribution ratio for the phantom stock units is 1:1.
- Following the transaction, Ms. Lute directly owns 9,296 shares of Union Pacific common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Future Outlook
The phantom stock units will be payable in cash upon retirement, representing a deferred compensation benefit.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Union Pacific.
Stakeholder Impact
- The transaction reflects part of the compensation structure for Union Pacific's directors, which is of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of phantom stock units |
| 07/02/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.