Form 4: Union Pacific Director John K. Tien Jr. Reports Phantom Stock Transaction
SEC Form 4
Director John K. Tien Jr. reports acquisition of phantom stock units in Union Pacific, payable in cash upon retirement.
Summary
- On April 1, 2024, John K. Tien Jr., a director of Union Pacific Corp, acquired 181 phantom stock units.
- These phantom stock units are payable in cash upon retirement and have a distribution ratio of 1:1 with common stock.
- Following the transaction, Tien directly owns 240 derivative securities.
- The transaction was reported on April 2, 2024.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing, indicating neutral sentiment. The acquisition of phantom stock is generally viewed positively as it aligns the director's interests with the long-term performance of the company.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of phantom stock transaction |
| 04/02/2024 | Date of Form 4 filing |
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