Union Pacific Director Michael McCarthy Awarded Phantom Stock Units
UNION PACIFIC CORP
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Filing Summary
š Form 4 Filing: Union Pacific Corp ($UNP)
š¤ Insider: Michael R. McCarthy (Director)
š
Date: 2026-10-01
šÆ Transaction: Grant / Award (Code A) of 839 Phantom Stock Units at $272.42
š° Value: $228,560.38
š Holdings After: 73,661 units
ā ļø Significance: Low (Routine Director Deferred Compensation / Phantom Equity Award)
Comprehensive Analysis
Executive Summary
On October 1, 2026, Union Pacific Corp ($UNP) director Michael R. McCarthy received an award of 839 phantom stock units valued at $272.42 per unit, totaling approximately $228,560.38. The transaction represents standard deferred director compensation rather than an open-market transaction.
Key Transaction Details
- Insider: Michael R. McCarthy, Director
- Security: Phantom Stock (payable in cash only upon retirement on a 1:1 basis with Common Stock)
- Transaction Code:
A(Grant or award) - Volume: 839 units
- Award Price: $272.42
- Post-Transaction Holdings: 73,661 phantom stock units
Market & Trading Significance
This transaction carries Low informational significance for investors. Phantom stock units awarded to non-employee directors are typical components of quarterly retainer deferrals or board equity compensation plans. Because this is an administrative grant payable in cash at retirement rather than a discretionary open-market buy or sell, it does not reflect a change in insider sentiment regarding the company's valuation.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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