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Union Pacific Director Christopher J. Williams Receives Phantom Stock Grant

Low SignificanceOctober 1, 2026 at 11:09:23 PM UTC

UNION PACIFIC CORP

$UNP4CIK: 0000100885

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Filing Summary

=== SEC FORM 4 INSIDER FILING ===
Company:   UNION PACIFIC CORP (UNP)
Insider:   Christopher J. Williams
Role:      Director
Type:      Award / Grant (Derivative)
Security:  Phantom Stock
Shares:    194
Price:     $272.42
Value:     $52,849.48
Post-Hold: 6,576 units
Signif.:   Low (Routine Director Comp)

Comprehensive Analysis

Transaction Summary

On October 1, 2026, Union Pacific Corp (NYSE: UNP) Director Christopher J. Williams acquired 194 units of Phantom Stock at an assigned price of $272.42 per unit, representing a total value of approximately $52,849.48.

Following the transaction, Williams directly holds 6,576 units of Phantom Stock.

Key Terms & Footnotes

  • Conversion / Settlement: The distribution ratio for the phantom stock units is 1:1 with UNP common stock.
  • Payment Conditions: Units are payable in cash only, commencing upon retirement from the board.
  • Transaction Code: Code A reflects an equity award/grant pursuant to director compensation plans.

Trading Significance

This transaction carries Low market significance as it represents standard, scheduled quarterly director equity retainer compensation rather than an open-market purchase or discretionary sale.

Topics:#UNP#UnionPacific#InsiderTrading#Form4#Railroads

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