Union Pacific (UNP) VP & Controller adds stock through 2021 employee purchase plan

Rhea-AI Filing Summary

Union Pacific Corp VP & Controller Carrie J. Powers reported an acquisition of common stock under a company plan. On 10 July 2026, she acquired 5.506 shares of Union Pacific common stock at $286.96 per share, described as a purchase pursuant to the 2021 Employee Stock Purchase Plan. Following this award, she holds 8,135.902 shares directly and 967.705 shares indirectly through a managed account.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Powers Carrie J

Role VP & CONTROLLER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5.506	$286.96	$2K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 8,135.902 shares (Direct); Common Stock — 967.705 shares (Indirect, by Managed Account)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 5.506 shares Purchase price: $286.9600 per share Direct holdings after transaction: 8,135.9020 shares +2 more

5 metrics

Shares acquired 5.506 shares Common stock acquired on 10 July 2026 under 2021 Employee Stock Purchase Plan

Purchase price $286.9600 per share Price for 5.506 shares of common stock acquired on 10 July 2026

Direct holdings after transaction 8,135.9020 shares Total Union Pacific common stock held directly by Carrie J. Powers after acquisition

Indirect holdings after transaction 967.7050 shares Union Pacific common stock held indirectly through a managed account

Transaction date 10 July 2026 Date of reported common stock acquisition and holding entry

Key Terms

Employee Stock Purchase Plan, Managed Account, grant/award acquisition

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.

Managed Account financial

"Indirect ownership of 967.7050 shares held by Managed Account."

grant/award acquisition financial

"Transaction code A reflects a grant/award acquisition of common stock."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/13/2026 - 04:27 PM Accepted by SEC EDGAR 07/13/2026 - 04:26 PM Learn about SEC filing dates

FAQ

What insider transaction did Union Pacific (UNP) report for Carrie J. Powers?

Union Pacific reported that Carrie J. Powers, VP & Controller, acquired 5.506 shares of common stock at $286.96 per share on 10 July 2026, under the 2021 Employee Stock Purchase Plan.

How many Union Pacific (UNP) shares does Carrie J. Powers own after this filing?

After the reported transactions, Carrie J. Powers holds 8,135.902 Union Pacific common shares directly and 967.705 shares indirectly through a managed account, as disclosed in the Form 4.

Was the Union Pacific (UNP) transaction by Carrie J. Powers a market purchase or a plan acquisition?

The acquisition was a plan-related purchase. The footnote states the 5.506 shares were purchased pursuant to Union Pacific’s 2021 Employee Stock Purchase Plan, not described as an open-market trade.

Did Carrie J. Powers sell any Union Pacific (UNP) shares in this Form 4?

No sales were reported. The Form 4 shows an acquisition of 5.506 shares under the 2021 Employee Stock Purchase Plan and an indirect holding entry, with no sell transactions disclosed.

What does the indirect ownership in Union Pacific (UNP) mean for Carrie J. Powers?

The filing lists 967.705 shares of Union Pacific common stock held indirectly in a managed account. This indicates the shares are owned through an account managed on her behalf rather than held directly.

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^*

Powers Carrie 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)
	VP & CONTROLLER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

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	07/10/2026		A(1)		5.506	A	$286.96	8,135.902	D
Common Stock								967.705	I	by Managed 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.

	By: Trevor L. Kingston, Attorney-in-Fact For: Carrie J. Powers	07/13/2026
	** 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)