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 in Union Pacific, payable in cash upon retirement.
Summary
- On April 1, 2024, Jane H. Lute, a director of Union Pacific Corp (UNP), acquired 384 units of Phantom Stock.
- These Phantom Stock Units are payable in cash only, commencing at retirement.
- The distribution ratio for the Phantom Stock Units is 1:1.
- Following the transaction, Ms. Lute directly owns 8,888 shares of Union Pacific common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating standard insider trading activity. It doesn't convey any strong positive or negative sentiment.
Future Outlook
The Phantom Stock Units will be payable in cash upon retirement.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, as required by the SEC. It doesn't necessarily reflect a major strategic shift for Union Pacific but provides transparency into the holdings of its directors.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of Phantom Stock Units |
| 04/02/2024 | Date of report signature |
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