UNP Director Deborah C. Hopkins Receives Phantom Stock Award

What Happened
Deborah C. Hopkins, a director of Union Pacific Corporation (UNP), was granted 229 derivative units on 2026-10-01. The units are recorded at $272.42 each, for a total value of $62,384. This was an award/grant of Phantom Stock Units (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-10-01 at $272.42 per unit.
• Quantity and value: 229 Phantom Stock Units, total value $62,384.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: (F1) Phantom Stock Units have a 1:1 distribution ratio. (F2) Phantom Stock Units are payable in cash only commencing at retirement.
• Filing timeliness: Report filed on 2026-10-01 (same day), indicating a timely filing.

Context
Phantom Stock Units are a form of deferred compensation tied to the company’s stock value but paid in cash (here, only at retirement). Because this is an awarded derivative grant rather than an outright stock purchase or sale, it should be interpreted as compensation/retention-related rather than a direct insider market position change.