Form 4: Union Pacific Director John K. Tien Jr. Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director John K. Tien Jr. reports acquisition of phantom stock units convertible to cash upon retirement.
Summary
- On October 1, 2024, John K. Tien Jr., a director of Union Pacific Corp, acquired 181 phantom stock units.
- These units are payable in cash upon retirement and have a distribution ratio of 1:1.
- Following the transaction, Tien directly owns 616 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The phantom stock units will be payable in cash upon the director's retirement.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the company's performance.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Acquisition of 181 phantom stock units. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
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