Form 4: Union Pacific EVP Gehringer Reports Stock Transactions

Eric J. Gehringer, EVP of Operations at Union Pacific, reports acquisition of common stock through employee stock purchase plan and conversion of restricted stock units.

Summary

• Eric J. Gehringer, Executive Vice President of Operations at Union Pacific Corp, filed a Form 4 on May 13, 2024, reporting transactions in Union Pacific common stock.
• On May 10, 2024, Gehringer acquired 15.562 shares of common stock at a price of $247.4 per share through the 2021 Employee Stock Purchase Plan.
• Also on May 10, 2024, Gehringer converted restricted stock units into 3,717.759 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, Gehringer directly owns 38,239.2496 shares of Union Pacific common stock and indirectly owns 3,717.759 shares through a deferral account.

Sentiment

Score: 5

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

Positives

• The acquisition of shares through the employee stock purchase plan indicates Gehringer's investment in the company's future.

Future Outlook

The vested stock units are payable upon termination of employment or a date certain.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.

Key Dates