Form 4: Union Pacific Director John Wiehoff Acquires Phantom Stock Units

Union Pacific director John Wiehoff acquired 196 phantom stock units on January 2, 2025, convertible to cash upon retirement.

Summary

• John Wiehoff, a director at Union Pacific Corp, acquired 196 phantom stock units on January 2, 2025.
• These phantom stock units are payable in cash only, commencing at retirement.
• The distribution ratio for the phantom stock units is 1:1, meaning each unit represents one share of common stock.
• The price of the underlying common stock at the time of the transaction was $229.12.
• Following the transaction, Mr. Wiehoff directly owns 1,081 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. There is no indication of any positive or negative sentiment.

Future Outlook

The phantom stock units will be payable in cash upon Mr. Wiehoff's retirement.

Industry Context

This is a standard transaction for a director of a public company, often part of their compensation package.

Comparison to Industry Standards

• Phantom stock grants are a common form of executive compensation in publicly traded companies, including those in the transportation and logistics sector.
• Companies like Norfolk Southern (NSC) and CSX Corporation (CSX), which are direct competitors of Union Pacific, also use similar equity-based compensation methods for their directors and executives.
• The specific number of units and vesting schedules vary based on company policy and individual agreements, but the general structure of phantom stock is consistent across the industry.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is part of the director's compensation package.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

phantom stock, Union Pacific, director, John Wiehoff, equity, compensation, insider trading