Form 4: Union Pacific Director Michael McCarthy Reports Phantom Stock Unit Acquisition

Director Michael McCarthy reports acquiring 908 phantom stock units of Union Pacific, payable in cash upon retirement, at a price of $237.17 per unit.

Summary

• Michael R. McCarthy, a director of Union Pacific Corp, reported a transaction involving phantom stock units.
• On April 1, 2025, McCarthy acquired 908 phantom stock units.
• The price of each phantom stock unit is $237.17.
• These units are payable in cash only upon McCarthy's retirement.
• Following the transaction, McCarthy directly owns 68,282 shares of Union Pacific common stock.
• The reporting was filed on April 2, 2025, by Trevor L. Kingston, Attorney-in-Fact for Michael R. McCarthy.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting standard insider transaction reporting.

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 directors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units and does not represent a significant change in company ownership.

Key Dates

Keywords

Union Pacific, Director, Michael McCarthy, Phantom Stock Units, Form 4, Beneficial Ownership, UNP