UNP Director Teresa Finley Receives 179 Phantom Stock Units

What Happened
Teresa Finley, a director of Union Pacific Corporation (UNP), was granted 179 phantom stock units on 2026-10-01. The units were valued at $272.42 each for a total reported value of $48,763. This was an award (derivative grant), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-10-01
• Transaction type/code: Award (A) — Phantom Stock Units (derivative)
• Units granted: 179 at $272.42 per unit; total value $48,763
• Shares/units owned after transaction: not specified in the filing
• Footnotes: F1 — distribution ratio for Phantom Stock Units is 1:1; F2 — units are payable in cash only commencing at retirement (cash‑settled)
• Filing timeliness: Reported on 2026-10-01 (no late filing indicated)

Context
Phantom stock units are a form of deferred, cash‑settled compensation that track the company’s share value; they do not represent immediate ownership of common stock and are typically paid in cash (here, at retirement). Such director awards are common for compensation and should not be interpreted as a direct open‑market buy signal.