Form 4: Union Pacific Director Sheri H. Edison Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director Sheri H. Edison reports acquisition of phantom stock units in Union Pacific, payable in cash upon retirement.
Summary
- Sheri H. Edison, a director of Union Pacific Corp (UNP), reported a transaction involving phantom stock units on April 1, 2024.
- Edison acquired 188 phantom stock units, which are payable in cash upon retirement.
- The distribution ratio for the phantom stock units is 1:1.
- Following the transaction, Edison directly owns 1,836 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of phantom stock unit transaction |
| 04/02/2024 | Date of Form 4 signature |
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