Form 4: Union Pacific Director John K. Tien Jr. Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director John K. Tien Jr. reports acquisition of 195 Phantom Stock Units of Union Pacific, payable in cash upon retirement.
Summary
- On July 1, 2024, John K. Tien Jr., a director of Union Pacific Corp, acquired 195 Phantom Stock Units.
- These units are payable in cash upon retirement.
- The distribution ratio for the Phantom Stock Units is 1:1.
- Following the transaction, Tien directly owns 435 Phantom Stock Units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The Phantom Stock Units are payable in cash only commencing at retirement.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, as required by the SEC. It provides transparency into the holdings of key personnel and their alignment with shareholder interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the holdings of a key company director.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of 195 Phantom Stock Units |
| 07/02/2024 | Date of signature by Attorney-in-Fact |
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