Form 4: Union Pacific EVP Craig V. Richardson Reports Stock Purchase and Restricted Stock Unit Conversion

Craig V. Richardson, EVP and Chief Legal Officer of Union Pacific, reports a purchase of common stock through the Employee Stock Purchase Plan and a conversion of restricted stock units.

Summary

• Craig V. Richardson, an Executive Vice President and Chief Legal Officer & Corp at Union Pacific Corp, reported a transaction on April 10, 2024.
• Richardson purchased 13.177 shares of common stock at a price of $236.85 per share through the 2021 Employee Stock Purchase Plan.
• Additionally, Richardson converted restricted stock units to 5,703.828 fully vested stock units with a 1:1 distribution ratio, payable in common stock upon termination of employment or a date certain.
• Following these transactions, Richardson directly owns 26,269.3576 shares of Union Pacific common stock and indirectly owns 5,703.828 shares through a deferral account.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions. The purchase of shares could be seen as slightly positive, indicating confidence, but it's a small amount relative to overall holdings.

Positives

• The purchase of shares through the Employee Stock Purchase Plan indicates confidence in the company's future.

Future Outlook

The vested stock units are payable only in shares of common stock at termination of employment or a date certain.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, primarily providing transparency to shareholders regarding insider activity.

Key Dates