Form 4: Union Pacific Director Michael McCarthy Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director Michael McCarthy reported the acquisition of 855 Phantom Stock Units in Union Pacific Corp on April 1, 2024.
Summary
- On April 1, 2024, Michael R. McCarthy, a director of Union Pacific Corp, acquired 855 Phantom Stock Units.
- These Phantom Stock Units are payable in cash upon retirement.
- The reporting person directly owns 64,644 shares of Union Pacific Corp common stock following the reported transaction.
- The distribution ratio for Phantom Stock Units is 1:1.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves Phantom Stock Units and doesn't represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of 855 Phantom Stock Units |
| 04/02/2024 | Date of signature by Attorney-in-Fact |
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