Union Pacific Director W Anthony Will Acquires Phantom Stock Units
UNION PACIFIC CORP
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Filing Summary
# Insider Transaction Update: UNION PACIFIC CORP (UNP)
**Insider:** Will W Anthony (Director)
**Filing Date:** October 1, 2026
**Transaction Date:** October 1, 2026
### Transaction Summary
- **Security:** Phantom Stock
- **Type:** Grant / Acquisition (Code A)
- **Shares Acquired:** 162
- **Price per Unit:** $272.42
- **Gross Value:** $44,132.04
- **Post-Transaction Holdings:** 500 phantom stock units
- **Ownership Nature:** Direct
### Note
Units represent a 1:1 economic equivalent of Common Stock and are payable in cash upon retirement.
Comprehensive Analysis
Overview of Transaction
On October 1, 2026, Union Pacific Corp (NYSE: UNP) Director W Anthony Will reported the acquisition of 162 phantom stock units at a reference price of $272.42 per share, totaling approximately $44,132.04.
Filing Details
- Reporting Person: W Anthony Will, member of the Board of Directors.
- Transaction Nature: Routine quarterly director equity compensation / deferred compensation credit (Transaction Code A).
- Terms: Phantom stock units convert on a 1:1 basis relative to UNP common stock and are payable solely in cash upon retirement from the board.
- Holdings Impact: The grant brings Director Will's direct phantom stock position to 500 units.
Trading Significance
This transaction carries Low market significance as it reflects standard non-employee director compensation rather than an open-market purchase or sale. Such automatic or scheduled awards align board members with long-term shareholder returns but do not signal discretionary insider sentiment regarding near-term 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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