Union Pacific (UNP) EVP Gehringer exercises 5,271 options, delivers shares for taxes
Rhea-AI Filing Summary
Union Pacific EVP Operations Eric J. Gehringer reported several equity transactions in company stock. He exercised 5,271 non-qualified stock options at an exercise price of $161.57 per share, receiving the same number of common shares.
To cover tax obligations related to equity awards, he disposed of 3,241 and 822 shares of common stock in transactions coded "F" at a price of $262.81 per share. After these transactions, he directly owned 47,958.3776 common shares and indirectly held 12,989.067 common stock units through a deferral account.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,208 shares
Net Buy
5 txns
Insider
Gehringer Eric J
Role
EVP OPERATIONS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 5,271 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,271 | $161.57 | $852K |
| Exercise Price or Tax Liability | Common Stock | 3,241 | $262.81 | $852K |
| Exercise Price or Tax Liability | Common Stock | 822 | $262.81 | $216K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 47,958.3776 shares (Direct);
Common Stock — 12,989.067 shares (Indirect, By Deferral Account)
Footnotes (2)
- F1. 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.
- F2. This option became exercisable in three equal installments starting one year from the grant date.
FAQ
What insider transactions did UNP executive Eric J. Gehringer report on this Form 4?
Eric J. Gehringer reported exercising 5,271 non-qualified stock options and related tax-withholding share dispositions. The filing details an option exercise at $161.57 per share and two "F" code transactions at $262.81 per share used to satisfy tax liabilities.
How many Union Pacific (UNP) options did Eric J. Gehringer exercise and at what price?
He exercised 5,271 non-qualified stock options in Union Pacific common stock at an exercise price of $161.57 per share. These options converted into 5,271 common shares, reflecting an option grant that had become exercisable in three equal installments after the original grant date.
What is the deferral account holding for UNP’s Eric J. Gehringer on this Form 4?
The filing shows an indirect holding of 12,989.067 Union Pacific common stock units "By Deferral Account." These represent stock-denominated units in a deferral arrangement, separate from his directly owned 47,958.3776 common shares reported after the transactions.
What do the transaction codes M and F mean in Eric J. Gehringer’s UNP Form 4?
Code M indicates the exercise or conversion of a derivative security, here 5,271 stock options into common shares. Code F indicates shares delivered to pay the exercise price or tax liabilities, explaining the 3,241 and 822-share dispositions at $262.81 per share.
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