Form 4: Union Pacific EVP Jennifer Hamann Executes Stock Option and Disposes of Shares for Tax Obligations
SEC Filing
Jennifer L. Hamann, EVP & CFO of Union Pacific, exercised stock options and disposed of shares to cover tax obligations on January 28, 2025.
Summary
- On January 28, 2025, Jennifer L. Hamann, the EVP & Chief Financial Officer of Union Pacific Corp, exercised non-qualified stock options to acquire 3,500 shares of common stock at a price of $124.86 per share.
- Simultaneously, she disposed of 1,718 shares and 748 shares of common stock at $254.42 per share to satisfy tax obligations related to the option exercise.
- Following these transactions, Hamann directly owns 106,550.8036 shares of Union Pacific common stock and 4,243 non-qualified stock options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
Executive stock option exercises and subsequent sales for tax purposes are a common practice in publicly traded companies. This filing provides transparency into the transactions of a key executive at Union Pacific.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine executive stock option exercise and sale.
Key Dates
| Date | Description |
|---|---|
| 02/08/2019 | Grant date of the non-qualified stock option |
| 01/28/2025 | Date of transaction: stock option exercise and disposal of shares |
| 01/29/2025 | Date of signature on the Form 4 filing |
| 02/08/2028 | Expiration date of the non-qualified stock option |
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