Form 4: Union Pacific Executive Todd M. Rynaski Reports Stock Transactions

Todd M. Rynaski, Chief Accounting, Risk & Compliance Officer of Union Pacific, reports stock purchases and conversions of restricted stock units.

Summary

• On August 10, 2024, Todd M. Rynaski, Chief Accounting, Risk & Compliance Officer of Union Pacific Corp, reported transactions involving Union Pacific common stock.
• Rynaski purchased 9.357 shares of common stock at a price of $237.52 per share through the 2021 Employee Stock Purchase Plan.
• Rynaski also converted restricted stock units into 2,359.385 fully vested stock units with a 1:1 distribution ratio, payable only in shares of common stock at termination of employment or a date certain.
• Following these transactions, Rynaski directly owns 8,912.2498 shares of Union Pacific common stock.
• Rynaski also indirectly owns 2,359.385 shares through a deferral account, 586 shares through a spouse, and 18,004 shares through a trust.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. The purchase of shares is a mildly positive signal, but overall, the document is informational.

Positives

• The purchase 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

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 executives.
• The Employee Stock Purchase Plan is a common benefit offered by many large corporations, including Union Pacific's competitors in the transportation sector, such as Norfolk Southern (NSC) and CSX Corporation (CSX).
• The level of insider ownership is typical for executives at large, publicly traded companies.

Stakeholder Impact

• The stock purchase may have a slightly positive impact on shareholder sentiment.

Key Dates