Form 4: Union Pacific EVP Craig V. Richardson Reports Stock Transactions

Craig V. Richardson, EVP and Chief Legal Officer of Union Pacific, reports stock purchases and conversions of restricted stock units.

Summary

• Craig V. Richardson, an Executive Vice President and Chief Legal Officer & Corp at Union Pacific Corp, reported transactions involving Union Pacific common stock on August 10, 2024.
• He acquired 5.256 shares of common stock at a price of $237.52 per share through the 2021 Employee Stock Purchase Plan.
• Additionally, he converted restricted stock units into 5,736.6 fully vested stock units with a 1:1 distribution ratio, payable in shares of common stock upon termination of employment or a date certain.
• Following these transactions, Richardson directly owns 26,293.1976 shares of common stock and indirectly owns 5,736.6 shares through a deferral account.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by an executive, with no inherently positive or negative implications.

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 upon termination of employment or a date certain.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a normal part of corporate governance.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, primarily providing transparency to shareholders regarding executive stock ownership.

Key Dates