Form 4: Union Pacific Director Michael McCarthy Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director Michael McCarthy reported the acquisition of 929 Phantom Stock Units of Union Pacific on July 1, 2024.
Summary
- On July 1, 2024, Michael R. McCarthy, a director of Union Pacific Corp, acquired 929 Phantom Stock Units.
- These units are payable in cash only upon retirement.
- Following the transaction, McCarthy directly owns 65,573 shares of Union Pacific common stock.
- The distribution ratio for Phantom Stock Units is 1:1.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing with no inherent 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 related to executive compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the director's holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of Phantom Stock Units |
| 07/02/2024 | Date of signature on the Form 4 filing |
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