Union Pacific (UNP) CEO adds shares under employee stock plan

Rhea-AI Filing Summary

Union Pacific Corp chief executive Vincenzo J. Vena reported an acquisition of common stock through an employee plan. On this Form 4, he acquired 29.974 shares of Union Pacific common stock at a price of $250.21 per share pursuant to the 2021 Employee Stock Purchase Plan. Following this transaction, his direct ownership stood at 220,682.934 shares of common stock.

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

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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^*

Vena Vincenzo J

(Last) (First) (Middle)

1400 DOUGLAS STREET

(Street)

OMAHA NE 68179

(City) (State) (Zip)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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

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

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

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	03/10/2026		A(1)		29.974	A	$250.21	220,682.934	D

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: Vincenzo J. Vena	03/11/2026
	** 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.

FAQ

What insider transaction did Union Pacific (UNP) report for CEO Vincenzo J. Vena?

Union Pacific reported that CEO Vincenzo J. Vena acquired 29.974 shares of common stock. The shares were obtained on March 10, 2026 at a price of $250.21 per share, as disclosed in a Form 4 insider filing.

How many Union Pacific (UNP) shares did the CEO acquire and at what price?

CEO Vincenzo J. Vena acquired 29.974 Union Pacific common shares at $250.21 per share. This transaction amount and price are specifically listed in the insider Form 4 reporting his March 10, 2026 acquisition.

What are Vincenzo J. Vena’s Union Pacific (UNP) holdings after this Form 4 transaction?

After the reported acquisition, Vincenzo J. Vena directly held 220,682.934 shares of Union Pacific common stock. This total share count is disclosed as his direct ownership following the March 10, 2026 transaction.

Was the Union Pacific (UNP) CEO’s share acquisition part of an employee stock plan?

Yes. A footnote states the purchase occurred pursuant to the 2021 Employee Stock Purchase Plan. This indicates the 29.974 shares were acquired under Union Pacific’s employee stock purchase program rather than as a stand-alone discretionary market trade.

Does the Union Pacific (UNP) Form 4 show any share sales by the CEO?

No share sales are reported in this Form 4. The filing shows only one transaction, an acquisition of 29.974 common shares through the 2021 Employee Stock Purchase Plan, with no dispositions or sales listed for the reported date.

Is this Union Pacific (UNP) insider transaction a grant or a purchase?

The transaction is coded as a grant, award, or other acquisition, and a footnote explains it was a purchase through the 2021 Employee Stock Purchase Plan. Together, these indicate shares were acquired via the company’s employee stock purchase arrangement.