Form 4: Union Pacific Director William J. DeLaney III Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director William J. DeLaney III reports acquisition of 223 phantom stock units and ownership of 5,246 common stock units in Union Pacific Corp.
Summary
- On July 1, 2024, William J. DeLaney III, a director of Union Pacific Corp, acquired 223 phantom stock units.
- These phantom stock units have a distribution ratio of 1:1 and are payable in cash upon retirement.
- Following the transaction, DeLaney directly owns 5,246 common stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock units by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of 223 phantom stock units |
| 07/02/2024 | Date of signature for the Form 4 filing |
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