Gehringer Eric J 4
4 · UNION PACIFIC CORP · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Union Pacific (UNP) EVP Eric Gehringer Receives Stock Award
What Happened
Eric J. Gehringer, EVP Operations of Union Pacific (UNP), was granted awards on 2026-02-05 totaling 41,348 stock units: 15,512 performance retention units (PRUs) and 25,836 derivative units (conversion of restricted stock units). Both items were recorded at $0.00 (awards/compensation), not open-market purchases or sales. These are compensation grants, not a sale or cash purchase.
Key Details
- Transaction date: 2026-02-05; filing date: 2026-02-06 (timely filing).
- Grants reported: 15,512 performance retention units (A) and 25,836 derivative units (A) — total 41,348 units. Price reported: $0.00.
- 25,836 units are marked as derivative (conversion of RSUs to fully vested stock units).
- Footnote F1: PRU award has a 1:1 distribution ratio, payable only in common shares after a three-year vesting period; reported amount is the maximum eligible. Actual payout depends on performance metrics.
- Footnote F2: Represents conversion of restricted stock units to fully vested stock units (1:1) payable only in shares at termination or a specified date.
- Footnote F3: Describes an option vesting schedule (three equal installments starting one year from grant); this filing’s reported items are awards/RSU conversions, not an option exercise.
- Shares owned after the transaction: not specified in the provided filing summary.
Context
These transactions are compensation grants and contingent awards (performance- and time-based). The PRUs are subject to performance conditions and a multi-year vesting schedule, so the actual number of shares issued may be lower. Such awards are routine executive compensation and do not by themselves indicate an immediate bullish or bearish signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-05+15,512→ 60,050.984 total - Award
Non-Qualified Stock Option (right to buy)
[F3]2026-02-05+25,836→ 25,836 totalExercise: $251.45From: 2027-02-05Exp: 2036-02-05→ Common Stock (25,836 underlying)
- 7,264.067(indirect: By Deferral Account)
Common Stock
[F2]
Footnotes (3)
- [F1]Performance retention unit award with a distribution ratio of 1:1. This award is payable only in shares of common stock with a three year vesting period from the grant date. The amount of shares in column 4 is the maximum number of shares that the reporting person is eligible to receive. The actual number of shares paid out at vesting, if any, depends on applicable performance criteria being met.
- [F2]Represents conversion of restricted stock units to fully vested stock units with a distribution ratio of 1:1 - Payable only in shares of common stock at termination of employment or a date certain.
- [F3]This option becomes exercisable in three equal installments starting one year from the grant date.