Form 4: Union Pacific Director John Wiehoff Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director John Wiehoff reports acquisition of phantom stock units convertible to cash upon retirement.
Summary
- On October 1, 2024, John Wiehoff, a director of Union Pacific Corp, acquired 182 phantom stock units.
- These units are payable in cash upon retirement and have a distribution ratio of 1:1.
- The price of the phantom stock is $245.55.
- Following the transaction, Wiehoff directly owns 885 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of phantom stock acquisition |
| 10/03/2024 | Date of signature on the Form 4 filing |
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