Form 4: Union Pacific Executive Elizabeth F. Whited Reports Stock Transactions

Elizabeth F. Whited, President of Union Pacific, reports stock acquisitions and conversions, increasing her beneficial ownership.

Summary

• On May 10, 2024, Elizabeth F. Whited, President of Union Pacific Corp, reported transactions involving Union Pacific common stock.
• She acquired 12.025 shares of common stock at a price of $247.4 per share through the 2021 Employee Stock Purchase Plan.
• Whited also converted restricted stock units into 14,574.4197 fully vested stock units with a 1:1 distribution ratio, payable in common stock upon termination of employment or a specific date.
• Following these transactions, Whited directly owns 60,467.7423 shares of common stock and indirectly owns 23,604 shares through a trust.
• She also indirectly owns 14,574.4197 shares via a deferral account.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The acquisition through the employee stock purchase plan is a mildly positive signal.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan indicates confidence in the company's future.

Future Outlook

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the executive's stake in the company.

Key Dates