UNP Director Sheri H. Edison Receives 179-Unit Award

What Happened

Sheri H. Edison, a director of Union Pacific Corporation (UNP), was granted 179 phantom stock units on October 1, 2026. The units are reported at $272.42 each, for a reported value of approximately $48,763. This was an award/acquisition (Form 4 code A) of a derivative compensation vehicle, not an open-market stock purchase.

Key Details

• Transaction date: 2026-10-01; reported and filed: 2026-10-01 (timely filing).
• Amount and price: 179 phantom stock units at $272.42 per unit; total ~$48,763.
• Security type: Phantom Stock Units (derivative) — not actual shares issued.
• Footnotes: F1 — distribution ratio is 1:1; F2 — units are payable in cash only commencing at retirement.
• Shares owned after transaction: Not specified in this Form 4.

Context

Phantom stock units are a form of deferred compensation that track the company’s stock value but are typically settled in cash (here, only at retirement). Such awards are common for directors as part of compensation and do not represent immediate share ownership or sale activity. This grant should be viewed as compensation-related, not a direct market trade.