Summary
This 8-K filing from Union Pacific Corporation (UNP) on August 24, 2018, primarily concerns a prearranged trading plan established by its Executive Vice President and Chief Financial Officer, Robert M. Knight, Jr. The plan, effective August 24, 2018, is designed for long-term asset diversification, tax, and financial planning purposes and is established under the Rule 10b5-1 safe harbor provisions. This indicates a structured and compliant approach to stock transactions by a key executive.
Key Highlights
- 1CFO Robert M. Knight, Jr. established a prearranged trading plan for his UNP stock.
- 2The plan is effective August 24, 2018, and complies with Rule 10b5-1 safe harbor provisions.
- 3The purpose of the plan is for individual long-term asset diversification, tax, and financial planning.
- 4The plan allows for the sale of up to 20,000 shares of Company common stock.
- 5This represents approximately 5% of Mr. Knight's currently beneficially owned shares.
- 6Following the plan's completion, Mr. Knight will still own shares exceeding the company's executive stock ownership guidelines.
- 7Any transactions made under the plan will be reported on Form 4 filings.