Here are the DEF 14A proxy statements from Union Pacific Corp. (UNP) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow UNP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UNP filings page.
Union Pacific Corporation is asking shareholders to elect eleven directors, ratify Deloitte & Touche as auditor for 2026, and approve a non-binding say‑on‑pay resolution at its 2026 virtual annual meeting on May 14.
The proxy highlights strong 2025 performance: reported net income of $7.1B or $11.98 per diluted share, with operating revenue of $24.5B up 1%. Safety and service metrics reached best‑ever levels, including a personal injury rate of 0.68, a derailment incident rate of 1.75, and improved freight car velocity and terminal dwell.
The Board emphasizes governance practices such as an independent chair, 91% independent nominees, majority voting, proxy access, robust risk and cybersecurity oversight, and active shareholder engagement, including outreach covering roughly 53% of active institutional shares and strong 2025 say‑on‑pay support at about 94% of votes cast.