Form 4: Union Pacific EVP Gehringer Reports Stock Purchase and Restricted Stock Unit Conversion

Eric J. Gehringer, EVP of Operations at Union Pacific, reports a stock purchase under the employee stock purchase plan and a conversion of restricted stock units.

Summary

• Eric J. Gehringer, an Executive Vice President at Union Pacific Corp, reported a transaction on May 10, 2025.
• The transaction involved the purchase of 18.876 shares of common stock at $216.32 per share under the 2021 Employee Stock Purchase Plan.
• Gehringer also reported the conversion of restricted stock units to fully vested stock units, with a 1:1 distribution ratio, representing 7,137.822 shares held indirectly through a deferral account.
• Following these transactions, Gehringer directly owns 44,519.7406 shares of Union Pacific common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and expected as part of executive compensation. The stock purchase indicates a positive, but not overly significant, sentiment.

Positives

• The purchase of shares under the employee stock purchase plan indicates a positive outlook by the executive.

Future Outlook

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

Industry Context

Executive stock transactions are common and are often viewed as a signal of management's confidence in the company's future performance. Monitoring these transactions can provide insights into executive sentiment.

Comparison to Industry Standards

• Executive compensation packages in the railroad industry typically include a mix of salary, stock options, and restricted stock units.
• The vesting schedules and terms of these equity grants are often benchmarked against peer companies such as Norfolk Southern (NSC) and CSX Corporation (CSX).
• Employee stock purchase plans are a common benefit offered to employees in many industries, allowing them to purchase company stock at a discounted price.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they reflect executive confidence.
• Employees benefit from the employee stock purchase plan.

Key Dates

Keywords

Union Pacific, UNP, Stock Purchase, Restricted Stock Units, Form 4, Gehringer, Executive Compensation, Beneficial Ownership