Form 4: Union Pacific Executive Todd M. Rynaski Reports Stock Purchase and Restricted Stock Unit Conversion

Todd M. Rynaski, Chief Accounting, Risk & Compliance Officer of Union Pacific, reports a purchase of common stock and a conversion of restricted stock units.

Summary

• On April 10, 2025, Todd M. Rynaski, Chief Accounting, Risk & Compliance Officer of Union Pacific Corp, acquired 10.559 shares of common stock at a price of $219.32 per share through the 2021 Employee Stock Purchase Plan.
• Rynaski also converted restricted stock units to fully vested stock units with a 1:1 distribution ratio, representing 2,399.701 shares held indirectly through a deferral account.
• Following these transactions, Rynaski directly owns 10,351.8168 shares of common stock.
• Additionally, Rynaski indirectly owns 586 shares by spouse, and 18,004 shares by trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by an executive. The purchase of shares could be seen as slightly positive, indicating confidence, but it's a small amount.

Positives

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

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by executives at comparable companies like Canadian National Railway (CNR) and Norfolk Southern (NSC) when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, primarily providing transparency to shareholders regarding insider activity.

Key Dates

Keywords

Form 4, Union Pacific, UNP, Todd M. Rynaski, Employee Stock Purchase Plan, Restricted Stock Units, Beneficial Ownership, Insider Trading