AG˹ٷ

STOCK TITAN

[Form 4] Union Pacific Corp. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Union Pacific Corp. (UNP) � Form 4 insider activity

Director Sheri H. Edison reported one transaction dated 07/01/2025. She acquired 201 Phantom Stock Units (deferred-compensation derivative security) at a stated price of $0.00 conversion price, with the underlying reference price shown as $235.57 per share. Phantom units convert to cash on retirement on a 1:1 basis with the company’s common shares. Following this award, Edison’s total beneficial ownership of phantom units rose to 2,834, held directly.

The filing contains no sales, no non-derivative share movements and no changes to ordinary share ownership. Because phantom stock is settled in cash, it does not immediately alter the company’s share count but increases the director’s economic exposure to UNP’s share price.

Union Pacific Corp. (UNP) � Attività insider Form 4

La direttrice Sheri H. Edison ha riportato una transazione datata 01/07/2025. Ha acquisito 201 Phantom Stock Units (strumento derivato di compensazione differita) a un prezzo dichiarato di $0,00 prezzo di conversione, con un prezzo di riferimento sottostante indicato a $235,57 per azione. Le Phantom Units si convertono in denaro al momento del pensionamento con un rapporto 1:1 rispetto alle azioni ordinarie della società. Dopo questo premio, la proprietà totale di Edison di phantom units è salita a 2.834, detenute direttamente.

La comunicazione non include vendite, movimenti di azioni non derivati né modifiche alla proprietà delle azioni ordinarie. Poiché le phantom stock vengono liquidate in contanti, non modificano immediatamente il numero di azioni della società ma aumentano l'esposizione economica della direttrice al prezzo delle azioni UNP.

Union Pacific Corp. (UNP) � Actividad de insiders en el Formulario 4

La directora Sheri H. Edison reportó una transacción fechada el 01/07/2025. Adquirió 201 Phantom Stock Units (instrumento derivado de compensación diferida) a un precio declarado de $0.00 precio de conversión, con un precio de referencia subyacente de $235.57 por acción. Las Phantom Units se convierten en efectivo al momento de la jubilación en una proporción de 1:1 con las acciones comunes de la empresa. Tras esta adjudicación, la propiedad total de Edison en phantom units aumentó a 2,834, mantenidas directamente.

El reporte no contiene ventas, movimientos de acciones no derivados ni cambios en la propiedad de acciones ordinarias. Dado que las phantom stock se liquidan en efectivo, no alteran inmediatamente el número de acciones de la empresa, pero incrementan la exposición económica de la directora al precio de las acciones de UNP.

Union Pacific Corp. (UNP) � Form 4 내부� 거래 내역

이사 Sheri H. Edison2025� 7� 1�자로 � 건의 거래� 보고했습니다. 그녀� 201 Phantom Stock Units(연기 보상 파생 증권)� $0.00 전환 가�으로 취득했으�, 기초 기준 가격은 주당 $235.57� 표시되어 있습니다. Phantom Units� 퇴직 � 회사 보통주와 1:1 비율� 현금으로 전환됩니�. � 상여 이후 Edison� Phantom Units � 보유 수 2,834주로, 직접 보유 중입니다.

신고서에� 매도, 비파� 주식 이동, 보통� 소유� 변경이 포함되어 있지 않습니다. Phantom Stock은 현금으로 결제되므� 회사� 주식 수에� 즉각적인 변화가 없지�, 이사� UNP 주가� 대� 경제� 노출은 증가합니�.

Union Pacific Corp. (UNP) � Activité des initiés Formulaire 4

La directrice Sheri H. Edison a déclaré une transaction datée du 01/07/2025. Elle a acquis 201 Phantom Stock Units (instrument dérivé de rémunération différée) à un prix indiqué de 0,00 $ prix de conversion, avec un prix de référence sous-jacent de 235,57 $ par action. Les Phantom Units se convertissent en espèces à la retraite sur une base 1:1 avec les actions ordinaires de la société. Suite à cette attribution, la détention totale de Phantom Units par Edison est passée à 2 834, détenues directement.

Le dépôt ne comprend aucune vente, aucun mouvement d’actions non dérivées ni changement dans la détention des actions ordinaires. Étant donné que les Phantom Stock sont réglées en espèces, elles ne modifient pas immédiatement le nombre d’actions de la société mais augmentent l’exposition économique de la directrice au cours de l’action UNP.

Union Pacific Corp. (UNP) � Form 4 Insider-Aktivitäten

Die Direktorin Sheri H. Edison meldete eine Transaktion vom 01.07.2025. Sie erwarb 201 Phantom Stock Units (abgegrenzte Vergütungsderivate) zu einem angegebenen Preis von , mit einem zugrunde liegenden Referenzpreis von $235,57 pro Aktie. Phantom Units werden bei Ruhestand im Verhältnis 1:1 in Bargeld umgewandelt, basierend auf den Stammaktien der Gesellschaft. Nach dieser Zuteilung stieg Edisons Gesamtbesitz an Phantom Units auf 2.834, die direkt gehalten werden.

Die Meldung enthält keine Verkäufe, keine nicht-derivativen Aktienbewegungen und keine Änderungen am Besitz der Stammaktien. Da Phantom Stock in bar abgewickelt wird, ändert sich die Aktienanzahl des Unternehmens nicht sofort, aber das wirtschaftliche Engagement der Direktorin am UNP-Aktienkurs steigt.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine grant of 201 phantom units; minimal financial impact, slightly increases director alignment.

The transaction represents a standard Board compensation grant rather than an open-market purchase. At 201 units, the notional value is roughly $47k at the disclosed $235.57 reference price—immaterial versus Union Pacific’s multi-billion market cap. Because settlement is in cash upon retirement, dilution is irrelevant. Still, the additional exposure modestly strengthens director–shareholder alignment. Overall impact on valuation, liquidity, or governance is negligible and therefore neutral.

TL;DR: Small deferred-comp grant, no trading signal, neutral for stock.

Investors often watch Form 4s for sentiment clues. Here, the director did not buy shares in the market; she merely received deferred phantom stock as part of standard compensation. The holding increase to 2,834 units is too small to influence insider-sentiment models and provides no insight into the company’s operating outlook. I regard the disclosure as routine, non-actionable, and not price-moving.

Union Pacific Corp. (UNP) � Attività insider Form 4

La direttrice Sheri H. Edison ha riportato una transazione datata 01/07/2025. Ha acquisito 201 Phantom Stock Units (strumento derivato di compensazione differita) a un prezzo dichiarato di $0,00 prezzo di conversione, con un prezzo di riferimento sottostante indicato a $235,57 per azione. Le Phantom Units si convertono in denaro al momento del pensionamento con un rapporto 1:1 rispetto alle azioni ordinarie della società. Dopo questo premio, la proprietà totale di Edison di phantom units è salita a 2.834, detenute direttamente.

La comunicazione non include vendite, movimenti di azioni non derivati né modifiche alla proprietà delle azioni ordinarie. Poiché le phantom stock vengono liquidate in contanti, non modificano immediatamente il numero di azioni della società ma aumentano l'esposizione economica della direttrice al prezzo delle azioni UNP.

Union Pacific Corp. (UNP) � Actividad de insiders en el Formulario 4

La directora Sheri H. Edison reportó una transacción fechada el 01/07/2025. Adquirió 201 Phantom Stock Units (instrumento derivado de compensación diferida) a un precio declarado de $0.00 precio de conversión, con un precio de referencia subyacente de $235.57 por acción. Las Phantom Units se convierten en efectivo al momento de la jubilación en una proporción de 1:1 con las acciones comunes de la empresa. Tras esta adjudicación, la propiedad total de Edison en phantom units aumentó a 2,834, mantenidas directamente.

El reporte no contiene ventas, movimientos de acciones no derivados ni cambios en la propiedad de acciones ordinarias. Dado que las phantom stock se liquidan en efectivo, no alteran inmediatamente el número de acciones de la empresa, pero incrementan la exposición económica de la directora al precio de las acciones de UNP.

Union Pacific Corp. (UNP) � Form 4 내부� 거래 내역

이사 Sheri H. Edison2025� 7� 1�자로 � 건의 거래� 보고했습니다. 그녀� 201 Phantom Stock Units(연기 보상 파생 증권)� $0.00 전환 가�으로 취득했으�, 기초 기준 가격은 주당 $235.57� 표시되어 있습니다. Phantom Units� 퇴직 � 회사 보통주와 1:1 비율� 현금으로 전환됩니�. � 상여 이후 Edison� Phantom Units � 보유 수 2,834주로, 직접 보유 중입니다.

신고서에� 매도, 비파� 주식 이동, 보통� 소유� 변경이 포함되어 있지 않습니다. Phantom Stock은 현금으로 결제되므� 회사� 주식 수에� 즉각적인 변화가 없지�, 이사� UNP 주가� 대� 경제� 노출은 증가합니�.

Union Pacific Corp. (UNP) � Activité des initiés Formulaire 4

La directrice Sheri H. Edison a déclaré une transaction datée du 01/07/2025. Elle a acquis 201 Phantom Stock Units (instrument dérivé de rémunération différée) à un prix indiqué de 0,00 $ prix de conversion, avec un prix de référence sous-jacent de 235,57 $ par action. Les Phantom Units se convertissent en espèces à la retraite sur une base 1:1 avec les actions ordinaires de la société. Suite à cette attribution, la détention totale de Phantom Units par Edison est passée à 2 834, détenues directement.

Le dépôt ne comprend aucune vente, aucun mouvement d’actions non dérivées ni changement dans la détention des actions ordinaires. Étant donné que les Phantom Stock sont réglées en espèces, elles ne modifient pas immédiatement le nombre d’actions de la société mais augmentent l’exposition économique de la directrice au cours de l’action UNP.

Union Pacific Corp. (UNP) � Form 4 Insider-Aktivitäten

Die Direktorin Sheri H. Edison meldete eine Transaktion vom 01.07.2025. Sie erwarb 201 Phantom Stock Units (abgegrenzte Vergütungsderivate) zu einem angegebenen Preis von , mit einem zugrunde liegenden Referenzpreis von $235,57 pro Aktie. Phantom Units werden bei Ruhestand im Verhältnis 1:1 in Bargeld umgewandelt, basierend auf den Stammaktien der Gesellschaft. Nach dieser Zuteilung stieg Edisons Gesamtbesitz an Phantom Units auf 2.834, die direkt gehalten werden.

Die Meldung enthält keine Verkäufe, keine nicht-derivativen Aktienbewegungen und keine Änderungen am Besitz der Stammaktien. Da Phantom Stock in bar abgewickelt wird, ändert sich die Aktienanzahl des Unternehmens nicht sofort, aber das wirtschaftliche Engagement der Direktorin am UNP-Aktienkurs steigt.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Edison Sheri H.

(Last) (First) (Middle)
1400 DOUGLAS ST.

(Street)
OMAHA NE 68179

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UNION PACIFIC CORP [ UNP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock(1) $0.0 07/01/2025 A 201 (2) (2) Common Stock 201 $235.57 2,834 D
Explanation of Responses:
1. Distribution ratio for Phantom Stock Units is 1:1.
2. Phantom Stock Units are payable in cash only commencing at retirement.
By: Trevor L. Kingston, Attorney-in-Fact For: Sheri H. Edison 07/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Union Pacific (UNP) disclose in the latest Form 4?

Director Sheri H. Edison acquired 201 phantom stock units on 07/01/2025, raising her total to 2,834 units.

Was there any sale of Union Pacific shares in this filing?

No. The Form 4 shows only an acquisition of phantom stock; no shares were sold.

What is the conversion ratio for the phantom stock units?

Each unit converts to cash at a 1:1 ratio to Union Pacific common stock value upon retirement.

Does this transaction dilute existing Union Pacific shareholders?

No. Phantom stock is cash-settled; it does not issue new shares and therefore causes no dilution.

How many Union Pacific phantom stock units does the director now hold?

After the reported grant, Sheri H. Edison beneficially owns 2,834 phantom stock units.
Union Pacific

NYSE:UNP

UNP Rankings

UNP Latest News

UNP Latest SEC Filings

UNP Stock Data

135.51B
596.50M
0.23%
82.4%
1.27%
Railroads
Railroads, Line-haul Operating
United States
OMAHA