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

Elizabeth F. Whited, a President at Union Pacific, reports acquiring and converting shares of common stock.

Summary

• On March 10, 2025, Elizabeth F. Whited, President of Union Pacific Corp, reported transactions involving Union Pacific common stock.
• Whited acquired 28.529 shares of common stock at a price of $248.29 per share through the 2021 Employee Stock Purchase Plan.
• Whited also converted restricted stock units to 18,503.5147 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, Whited directly owns 76,133.1173 shares of common stock.
• Whited also indirectly owns 9,666 shares by Trust and 5,935 shares by Trust 2.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions. The acquisition of shares through the employee stock purchase plan is a mildly positive signal, but overall, it's a standard reporting event.

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 upon termination of employment or a date certain, suggesting a long-term incentive for the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis.
• Comparing Whited's transactions to those of executives at peer companies like Norfolk Southern (NSC) or CSX Corporation (CSX) can provide insights into relative valuation and management sentiment within the railroad industry.
• For example, if other executives in the industry are also purchasing shares, it could signal a positive outlook for the sector as a whole.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder sentiment due to the executive's increased stake in the company.

Key Dates