UNP EVP Gehringer receives small stock award

UNION PACIFIC CORP EVP Operations Eric J. Gehringer reported a small equity award.

Rhea-AI Filing Summary

UNION PACIFIC CORP EVP Operations Eric J. Gehringer reported a small equity award. On June 10, 2026, he acquired 13.107 shares of common stock as a grant or other award at $267.03 per share.

After this award, Gehringer directly holds 43,024.6116 shares of Union Pacific common stock. He also has an additional 13,062.948 shares held indirectly through a deferral account, reflecting separate deferred compensation-related holdings.

Insider Trade Summary

Grant/Award: 13.107 shares

Grant/Award 2 txns

Insider Gehringer Eric J

Role EVP OPERATIONS

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	13.107	$267.03	$3K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 43,024.6116 shares (Direct); Common Stock — 13,062.948 shares (Indirect, By Deferral Account)

Footnotes (2)

1. F1. Purchase pursuant to the 2021 Employee Stock Purchase Plan.
2. F2. 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.

Key Figures

Stock award shares: 13.107 shares Award price: $267.03 per share Direct holdings after transaction: 43,024.6116 shares +1 more

4 metrics

Stock award shares 13.107 shares Common Stock grant on June 10, 2026

Award price $267.03 per share Price associated with 13.107-share grant

Direct holdings after transaction 43,024.6116 shares Common Stock directly owned after award

Indirect deferred holdings 13,062.948 shares Common Stock held by deferral account

Key Terms

Employee Stock Purchase Plan, restricted stock units, fully vested stock units

3 terms

Employee Stock Purchase Plan financial

"Purchase pursuant to the 2021 Employee Stock Purchase Plan."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

restricted stock units financial

"Represents conversion of restricted stock units to fully vested stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

fully vested stock units financial

"conversion of restricted stock units to fully vested stock units with a distribution ratio of 1:1"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did UNP executive Eric J. Gehringer report?

Eric J. Gehringer reported acquiring 13.107 shares of UNION PACIFIC CORP common stock as a grant or award. The transaction occurred at a reported price of $267.03 per share on June 10, 2026, and reflects routine compensation-related stock activity.

How many UNION PACIFIC (UNP) shares does Eric J. Gehringer now hold directly?

Following the June 10, 2026 transaction, Eric J. Gehringer directly holds 43,024.6116 shares of UNION PACIFIC CORP common stock. This total includes his existing holdings plus the 13.107 shares acquired through the most recent grant or award.

What price per share was reported for Eric J. Gehringer’s latest UNP stock award?

The reported price per share for Eric J. Gehringer’s latest Union Pacific stock acquisition was $267.03. This price is associated with the 13.107 shares of common stock received as a grant or other award on June 10, 2026.

Does Eric J. Gehringer have indirect holdings of UNION PACIFIC (UNP) stock?

Yes, Eric J. Gehringer has 13,062.948 shares of UNION PACIFIC CORP common stock held indirectly through a deferral account. These holdings are separate from his directly owned shares and relate to deferred compensation arrangements.

Was the UNP insider transaction a purchase or a grant for Eric J. Gehringer?

The filing characterizes the insider transaction as a grant or other acquisition, not an open-market purchase. Eric J. Gehringer received 13.107 shares of UNION PACIFIC CORP common stock as a compensation-related award rather than buying shares on the market.

What role does Eric J. Gehringer hold at UNION PACIFIC CORP?

Eric J. Gehringer serves as Executive Vice President, Operations at UNION PACIFIC CORP. His Form 4 filing reflects equity compensation activity linked to this executive role, including the recent 13.107-share stock award disclosed for June 10, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/11/2026 - 05:45 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gehringer Eric J

(Last) (First) (Middle)

1400 DOUGLAS STREET

(Street)

OMAHA NEBRASKA 68179

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UNION PACIFIC CORP [ UNP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP OPERATIONS

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/10/2026		A(1)		13.107	A	$267.03	43,024.6116	D
Common Stock(2)								13,062.948	I	By Deferral Account

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Purchase pursuant to the 2021 Employee Stock Purchase Plan.

2. 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.

	By: Trevor L. Kingston, Attorney-in-Fact For: Eric J. Gehringer	06/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)