Form 4: Union Pacific EVP Gehringer Reports Stock Acquisition and Conversion

Eric J. Gehringer, EVP of Operations at Union Pacific, reports acquiring shares through the Employee Stock Purchase Plan and converting restricted stock units.

Summary

• Eric J. Gehringer, EVP of Operations at Union Pacific Corp, reported a transaction on February 10, 2025.
• He acquired 15.757 shares of common stock at a price of $244.33 per share through the 2021 Employee Stock Purchase Plan.
• Gehringer also converted restricted stock units to 7,097.518 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, Gehringer directly owns 44,466.7396 shares of Union Pacific common stock and indirectly owns 7,097.518 shares through a deferral account.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan demonstrates Gehringer's investment in the company's stock.
• The conversion of restricted stock units to fully vested stock units increases his vested equity in Union Pacific.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of Union Pacific's executive officers. It is standard practice for company executives to participate in employee stock purchase plans and receive stock-based compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice across publicly traded companies, including Union Pacific's competitors in the railroad industry such as Norfolk Southern (NSC) and CSX Corporation (CSX).
• Executives at these companies also regularly report similar transactions related to stock options, restricted stock units, and employee stock purchase plans.
• The reporting requirements and formats are consistent across these companies, ensuring transparency and comparability.

Stakeholder Impact

• The transactions reported in this filing have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates