Form 4: Union Pacific Director William J. DeLaney III Reports Phantom Stock Transaction
SEC Form 4 Filing
Director William J. DeLaney III reports acquisition and disposal of Union Pacific phantom stock units on April 1, 2024.
Summary
- On April 1, 2024, William J. DeLaney III, a director of Union Pacific Corp, engaged in a transaction involving phantom stock units.
- DeLaney acquired 206 phantom stock units and disposed of 206 phantom stock units.
- Following the reported transaction, DeLaney beneficially owns 5,023 phantom stock units.
- These phantom stock units are payable in cash only commencing at retirement and have a distribution ratio of 1:1.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any positive or negative sentiment about the company's performance or future prospects.
Industry Context
This is a routine disclosure of insider transactions, which are common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction involving phantom stock units. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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